The Social Security and National Insurance Trust (SSNIT) has balanced the month to month annuities upwards by 10 per cent for 2022. This can be to assist keep up the acquiring control of retired people.
The choice was taken in an interview with the National Pensions Regulatory Authority (NPRA) compatible to Area 80 of the National Service Act 2008 (Act 766).
The segment 80 of the Act states that “the Trust should yearly survey the benefits installment which should be indexed to wage inflation rates of dynamic supporters or another rate decided by the Trust in meeting with the Board of the Authority .â€
Agreeing to SSNIT in a press explanation dated January 11, all retired people on its benefits payroll as at December 31, 2021, “will have their month to month annuity expanded by a settled rate of 9.68% additionally a redistributed level sum of GH¢3.44.â€
The successful increment in benefits would in this manner extend from 9.683% for the most elevated winning annuity to 10.83% for the least annuity earner.
“In like manner, the most noteworthy winning Retired person as at 31st December 2021 will get GH¢ 142,564.97 and Retired people getting the least benefits of GH¢300.00 as at 31st December, 2021 will have their month to month benefits expanded to GH¢332.48.
The least benefits for all modern Retired people viable January 2022, will be GH¢300.00,†the articulation encourage included.
In the interim, SSNIT has expressed that retired people will be paid on the third Thursday of each month.