Published on 17 September, 2021.
The Social Security and National Insurance Trust (SSNIT) says for the month of August alone, it paid GH¢1,655, 234.00 to 1,4977 of its members who make up the list of invalid pensioners.
This figure was contained in a speech by the Director-General of SSNIT, John Ofori-Tenkorang, read on his behalf by his Deputy, Mr. Michael Addo at the 2021 edition of the Annual Business Forum for Forty Under 40.
“Friends, if age 60 seems like too long a time to wait to claim a benefit, consider a situation where you or your worker has been declared invalid and incapable of engaging in any income-generating activity. Old age may be far, but permanent invalidity may be minutes away. With just 12 months of contributions within the past 36 months, you will be guaranteed an Invalidity Pension for life or until you recover. And by the way, there are several people of your age who are receiving monthly Invalidity Pension from SSNIT. Indeed, there are 1,497 Invalid Pensioners on the pension payroll, and just last month (August 2021), we paid over 1.65 million cedis (GHS1,655, 234.00),” he told the gathering of business managers and entrepreneurs nominated for this year’s Forty Under 40 Awards,” he said.
The Director-General outlined the processes and importance for employers to pay their employees contributions as stipulated by law.
According to him, SSNIT has spent a total amount of GH¢2.13 billion on benefit payments by the end of August this year.
“Distinguished nominees, it is our desire that no employer defaults in the discharge of their social security obligations. When you violate any of these provisions, the Trust is compelled to take legal action against you because as I said, the law places an obligation on us to pay benefits to workers or their dependents. And as at the end of August 2021, we had spent over 2.13 billion (2,127,593,594.67) paying benefits,” he stated.
He disclosed that while the scheme does not take delight in taking legal actions against employees for non-compliance, it is obliged and committed to enforcing the laws and has taken legal action against 13,278 employers for various offences including failure to register their establishments and workers and failure to submit contributions.
In his concluding remarks, the Director-General entreated the business owners and entrepreneurs to see the payment of their employees pension benefits not just as a response to their legal obligations but a contribution to the future financial well-being of their workers, adding that it also helps in enhancing employee loyalty and commitment,
He further assured that SSNIT will continue to explore various platforms that facilitate easy payment of workers’ contributions.
“We will continue to engage you as valuable partners of the Scheme with the aim of serving you better. We value your comments thus our doors remain open. The feedback you give is vital in shaping our operations and service delivery,” he said.