SSNIT increases pensions-in-payment by 5% for 2012

Social Security and National Insurance Trust (SSNIT), on Tuesday said it had increased (indexed) pensions-in-payment for 2012.

A statement signed by Ms Evangeline Amegashie, Corporate Affairs Manager, copied to GNA in Accra, said in view of the indexation, all pensions-in-payment as at December 31, 2011 would increase by a fixed rate of five per cent and a flat amount of GH¢15.27 per pensioner.

“This means that pensions have been increased by 38.89 per cent for the lowest pensioner and by 5.13 per cent for the highest pension earner, ” it added.

The statement said the new monthly pension would now be GH¢50.46 for new pensioners with effect from January 2012.

It said pensioners already on the Minimum Pension of GH¢45.06 as a t December 2011 would from January 2012 be on GH¢62.58.

Source: GNA

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