SOCIAL SECURITY AND NATIONAL INSURANCE TRUST
2019 – SSNIT PENSION INDEXATION

Published on 08 January, 2019.

The Social Security and National Insurance Trust (SSNIT) in accordance with Section 80 of the National Pensions Act 2008 (Act 766) has increased monthly pensions by 11% for the year 2019.

The Social Security and National Insurance Trust (SSNIT) in accordance with Section 80of the National Pensions Act 2008 (Act 766) has increased monthly pensions by 11% for the year 2019.

The increment for current pensioners shall be implemented as follows:

  • All monthly pensions as at December 31st, 2018 will be increased by a fixed rate of 9%plus anadditional flat amount of GH¢15.89for each pensioner. The GH¢15.89 constitutes the remaining 2% which is redistributed to all pensioners in order to cushion members on low pensions
  • Pensioners who are currently on the minimum pension of GH¢276.00 will have their monthly pension increased to GH¢316.73, an effective increase of 14.76%

The minimum monthly pension for all fresh pensionerswith effect from January 2019 will be GH¢300.00

The Trust shall incur an extra cost of GH¢212.16m for existing pensioners during the year 2019, an increase of 36% over the previous year’s value of GH¢156.00m.