The Social Security and National Insurance Trust (SSNIT) has announced a 10 percent increase in monthly pensions.
“All Pensioners on the SSNIT Pension Payroll as of 31st December 2020 will have their monthly pension increased by a Fixed Rate of 9.34% representing the annual average price inflation, plus a redistributed Flat Amount of GH¢6.47,” a statement issued by Trust said.
According to the Trust, pensioners receiving GHS300.00 as of 31st December 2020 will have their monthly pensions increased to GH¢334.49, representing an
increase of 11.5%.
“The minimum pension for all new Pensioners effective January 2021 will be GH¢300.00. This means, pensioners whose computed monthly pensions fall below GH¢300.00 will be placed on this minimum.” the statement read.
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