SSNIT Announces 2022 Pension Indexation Rate, A Must Read For All SSNIT Members. 

SSNIT Announces 2022 Pension Indexation Rate, A Must Read For All SSNIT Members. 

The Social Security and National Insurance Trust (SSNIT), in consultation with the
as a result of low basic salaries (that were declared to SSNIT) on which contributions.

The minimum pension for all new Pensioners effective January 2022 will be
monthly pension increased by a Fixed Rate of 9.68%pus a redistributed Flat Amount of
were paid.
pension earner to 10.83% for the lowest pension earner.
The effective increase in pensions would therefore range from 9.683% for the highest The Management of SSNIT wishes its cherished Pensioners a fulfiling New Year.
for the year 2022.

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SSNIT Announces 2022 Pension Indexation Rate, A Must Read For All SSNIT Members.

Accordingly, the highest earning Pensioner as at 31stDecember 2021 will receive
National Pensions Regulatory Authority (NPRA) and in line with Section 80 of the
Redistribution is a mechanism applied to the indexation rate to cushion Members on low GH¢300.00wi be placed on this minimum.

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Download HERE, Download All Your 2022  New Curriculum Scheme Of Work And Lesson Notes. Here

This increment shall be implemented as follows:

National Pensions Act 2008 (Act 766), has indexed monthly pensions upwards by 10%
GH¢3.44.
Pensioners will be paid on the third Thursday of every month.
All Pensioners on the SSNIT Pension Payroll as at 31stDecember, 2021 will have their 31st December, 2021 will have their monthly pensions increased to GH¢332.48.
GH¢ 142,564.97 and Pensioners receiving the minimum pension of GH¢300.00 as at
GH¢300.00. This means, pensioners whose computed monthly pensions fall below pensions in conformity with the solidarity principle of social security. Low pensions arise.

Issued by Management

SSNIT

source

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