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Business News Mon, 17 Jan 2022

7,000 people facing prosecution for non-payment of SSNIT contributions

The management of the Social Security and National Insurance Trust (SSNIT) has revealed that 7,000 people are currently before the court for non-payment of contributions.

The acting Public Affairs Manager, Charles Akwei Garshong, said this forms part of efforts to scale up the collection of contributions.

“For now we have enough reserve to pay accrued benefits and pensions that are due. It is true that we need to register more, it is true that we need to collect more, so management has put in enough measures," he said.

“We are actually working very hard to register more people and we are collecting the contributions that are in arrears. As of September, we have closed to 7,000 cases in court, people there are being prosecuted for non-payment of contributions,” he told TV3 in an interview.

The management of SSNIT recently announced an adjustment of the 2022 pension. Per the adjustment, pensioners are expected to receive 10% increment.

SSNIT said in its Indexation of Pensions 2022 report that on Tuesday, January 11 that “Lowest earning pensioners will get an indexation rate of 10.83%.”

All pensioners would receive an increase, equal to or above the targeted inflation rate for 2022, the Trust added.

The projected expenditure on pension for 2022 is GH¢ 3.5 billion.

“Management of the Trust will continue to work hard to guarantee positive annual indexation for pensioners bearing in mind the long term sustainability of the Scheme,” SSNIT said.

“The Trust remains committed to paying all legitimate benefits accurately and timeously,” it added.
Source: 3news.com
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