The Social Security and National Insurance Trust (SSNIT) has demonstrated its commitment to supporting retirees by disbursing a total of GH₵510.21 million in pensions to 253,601 pensioners for January 2025. Apexnewsgh reports
This payment, made on January 16, 2025, reflects a 12% increase in monthly pension payouts, aligning with SSNIT’s annual indexation process for 2025.
The adjustment was made in consultation with the National Pensions Regulatory Authority (NPRA) and complies with Section 80 of the National Pensions Act, 2008 (Act 766). This increase aims to maintain the purchasing power of pensioners, ensuring their earnings align with economic realities.
For January 2025, the highest monthly pension under PNDC Law 247 was GH₵201,792.37, while the lowest pension for existing pensioners was GH₵396.58. Under Act 766, the highest monthly pension was GH₵28,703.01, with the minimum for new pensioners set at GH₵300.
In comparison, December 2024 saw SSNIT disburse GH₵454.05 million to 252,766 pensioners, with the highest monthly pension under PNDC Law 247 being GH₵186,777.58, and the lowest being GH₵409.10.
SSNIT has urged all workers to secure their retirement by ensuring their full earnings with the Trust, ensuring a lifetime pension. The next pension payment is scheduled for February 20, 2025.
Source: Apexnewsgh.com
