SSNIT pays GH¢444.91 million to 249,722 pensioners for July 2024
SSNIT Pension Pay
The Social Security and National Insurance Trust (SSNIT) has paid GH¢444.91 million to 249,722 pensioners for the month of July 2024.
The Trust disclosed that the said amount of money was paid by July 18, 2024, to all pensioners for July 2024.
The report also detailed the highest and the lowest monthly pension pay.
“The Social Security and National Insurance Trust (SSNIT), in consultation with the National Pensions Regulatory Authority (NPRA) and in line with Section 80 of the National Pensions Act 2008 (Act 766), increased monthly pensions upwards by 15% for the year 2024.
“All pensioners on the SSNIT Pension Payroll as at 31st December, 2023 will have their monthly pension increased by a Fixed Rate of 10% plus a flat amount (5% redistributed) of GH¢79.10.
“The highest-earning Pensioner as at 31st December 2023 will receive GH¢ 186,777.58 per month in 2024.
“Pensioners receiving the minimum pension of GH¢300.00 as at 31st December, 2023 will have their monthly pensions increased to GH¢409.48.
“The average monthly pension will increase from GH¢ 1,527.29 in 2023 to GH¢ 1,756.38 in 2024.
“The minimum monthly pension for all new Pensioners with effect from January 2024 is GH¢300.00,” SSNIT explained.
Further, SSNIT added that the next payment will be done on August 15, 2024.
SOURCE: Coverghana.com.gh
