The miLife Insurance has serve members of the Ghana National Association of Teachers (GNAT) of the implementation of its annual inflation adjustor in the February 2022 salary window.
According to the insurance institution, the annual inflation adjustor which was supposed to take effect in 2022 has failed.
“In line with the welfare benefits under the GNAT Heritage Cashback Plan for members of Ghana National Association of Teachers (GNAT), the implementation of the annual inflation adjustor was supposed to take effect in January 2022 for all members on the plan, changing the monthly deduction from GH¢39.93 to GH¢43.92 per member of the scheme. However, the deduction for the new amount failed” the letter indicated.
The letter, however made it known that, the escalated amount of GH¢43.92 will take effect in February 2022 salary window with a corresponding benefit of GH¢26,709.38.