Gist: Ghana increases the amount given to pensioners by 11 per cent  (Read 48 times)

0 Members and 1 Guest are viewing this topic.

Ghana increases the amount given to pensioners by 11 per cent
by PulseNG « on: January 09, 2019, 01:03:17 PM »




Ghana increases the amount given to pensioners by 11 per cent

The Social Security and National Insurance Trust (SSNIT) in Ghana has announced that it has increased the amount given to pensioners every month by 11 per cent.
   
   
   
       
       
           
               
                   

The Social Security and National Insurance Trust (SSNIT) in Ghana has announced that it has increased the amount given to pensioners every month by 11 per cent.


               
           
               
                   

The policy is projected to commence this month.


               
           
               
                   

This was done in consultation with the National Pensions Regulatory Commission (NPRA) and in accordance with Section 80 of the National Pensions Act, 2008 (Act 766)


               
           
               
                   

In view of this, pensioners on the 2018 minimum monthly pension of $52.00 (equivalent Gh₵276) will now receive a minimum monthly pension of $65.00 (equivalent Gh₵316.73), while the minimum monthly pension for all fresh pensioners from January 2019 has been pegged at $61.00 (equivalent Gh₵300).


               
           
               
                   

SSNIT on Tuesday, January 8, 2019, made the revelation at a press conference in Accra on Tuesday by SSNIT to present the 2019 pension indexation.


               
           
               
                   

The Director-General of SSNIT, Dr John Ofori Tenkorang, disclosed that said the increment incur an extra cost of $44 million on the country’s coffers but it has already been factored into its operations for the year 2019.


               
           
               
                   

“What we have announced today will take effect immediately,” adding that, “so pensioners who will go for their pensions on January 14 will see an increase, and it’s going to run through the year.”


Source: Ghana increases the amount given to pensioners by 11 per cent

- gist culled from pulseng


 

Related Topics

  Subject / Started by Replies Last post
0 Replies
1472 Views
Last post November 29, 2013, 11:28:44 PM
by flukky01
0 Replies
609 Views
Last post April 01, 2014, 06:37:06 AM
by flukky01
0 Replies
1077 Views
Last post September 29, 2015, 09:49:57 AM
by A Loco Viva Voce
0 Replies
1780 Views
Last post March 08, 2016, 08:53:34 AM
by A Loco Viva Voce
0 Replies
627 Views
Last post July 11, 2016, 01:00:15 PM
by flukky-1
0 Replies
148 Views
Last post March 31, 2017, 07:00:47 AM
by flukky-2
0 Replies
151 Views
Last post July 25, 2017, 07:00:12 PM
by flukky-2
0 Replies
94 Views
Last post February 17, 2018, 01:03:47 AM
by NaijaPilot
0 Replies
69 Views
Last post September 04, 2018, 07:02:51 AM
by PulseNG
0 Replies
26 Views
Last post October 31, 2018, 07:04:18 PM
by flukky-1