SSNIT increases pension by 11 per cent

January 8, 2019

The Social Security and National Insurance Trust (SSNIT) has increased the monthly pension by 11 per cent for this year.

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 Gh?276 will now receive a minimum monthly pension of Gh?316.73, while the minimum monthly pension for all fresh pensioners from January 2019 has been pegged at Gh?300.

This is more than the national monthly minimum wage of Gh?287.55

This was revealed at a press conference in Accra on Tuesday by SSNIT to present the 2019 pension indexation.

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