SSNIT seeks to increase pension contributions based on total remuneration

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The Social Security and National Insurance Trust (SSNIT), the statutory public Trust that administers Ghana’s Basic National Social Security Scheme, wants to amend its Act to collect more pension contributions from workers.

According to the Director General of SSNIT, Dr. John Ofori Tenkorang, the amendment will aim to base pension benefits on a worker’s total remuneration instead of only the basic salary.

He said this will prevent employers from manipulating what constitutes basic salary and reduce the gap between workers’ income and pension.

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“We at SSNIT are working on possible amendments to our Act which we will table before our Board, NPRA, the Tripartite and eventually it will make its way to Parliament and those things can be changed,” he stated.

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