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I believe if he was working and his full salary could not really be enough for him as is the case of most ghanains, then half of it will still not be enough. What we need to do is to do other investment in adition to ssit rat ...
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I think there's a problem somewher bcs the replacement ratio used in all pension calculation is greater or equal than 0.6 hence he needs to go back to them.
Either someone has under valuated his last n salaries or a delibe ...
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A better option is for SSNIT to pay some of the entitlement after every 10 years of service. What can one do with this meager lump some if one does not already own a piece of land or house?
The usa will not pay you lump sum..They are betting that you will die before collecting all even tho underage children can draw their parents benefits...I know people in ghana who have took lump sum and used it un-wisely..tha ...
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What is required is a very simple system.
The system will advice contributors to the fund the amount that they have paid every year
At retirement the fund should then automatically pay the pension directly into the contrib ...
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If one wants to talk about SSNIT it will be a serious issue. They are corrupt and always hide important information from their client. I am a victim.
As far as pensions are concerned, Ghana's pensions industry lives in the Stone Age. Having been beneficiary of a pension scheme, including an early retirement, for the past 23years in Europe, I feel that the treatment meted o ...
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