SSNIT increases pensions-in-payment for 2012

Social Security and National Insurance Trust (SSNIT), on Tuesday said it had increased (indexed) pensions-in-payment for 2012.

A statement signed by Ms Evangeline Amegashie, Corporate Affairs Manager, copied to GNA in Accra, said in view of the indexation, all pensions-in-payment as at December 31, 2011 would increase by a fixed rate of five per cent and a flat amount of GH¢ 15.27 per pensioner.

This means that pensions have been increased by 38.89 per cent for the lowest pensioner and by 5.13 per cent for the highest pension earner, “it added.

The statement said the new monthly pension would now be GH¢ 50.46 for new pensioners with effect from January 2012.

It said pensioners already on the Minimum Pension of GH¢ 45.06 as a t December 2011 would from January 2012 be on GH¢ 62.58.

'The management of SSNIT takes this opportunity to wish all pensioners a fruitful New Year,' the statement said.

GNA