Pension scheme

08 Jul

Pension Contributions Hit ₵6.8Bn In 2023

Wontumi1BusinessPension scheme, SSNIT

Total contributions to the Social Security and National Insurance Trust (SSNIT) Pension Scheme has reached ₵6.8 billion.j This was captured in SSNIT‘s operations report for 2023. Contribution collections for 2023, showed about a billion cedis jump from the ₵5.8 billion collected in 2022. In 2021, contributions stood at ₵4 billion while in 2020 SSNIT mobilized ₵5 billion. Breakdown The 2023 operations report showed that, private sector contributions stood at ₵4 billion as against a target of ₵3.5 billion. This represents 113.9 percent of its performance. Public Sector Contributions by December 2023 stood at ₵2.8 billion as against a target of…

04 Oct

SSNIT Pays ¢372.87M To 241,675 Pensioners In September 2023

Wontumi1BusinessISSA, Pension scheme, SSNIT

The Social Security and National Insurance Trust (SSNIT) paid a total of over GH¢372.87 million to some 241,675 pensioners in September 2023. This shows the commitment of the pension scheme by the Trust. Currently, the SSNIT Pension Scheme has an active membership of over 1.9 million contributors. Meanwhile, the Trust has held a two-day technical seminar on leveraging digitalisation to extend social security coverage in West Africa has been held in Accra. The seminar was hosted by SSNIT, under the auspices of the International Social Security Association (ISSA) – an international organization for social security institutions, government departments and agencies…