The Social Security and National Insurance Trust (SSNIT) has increased pension-in-payment for 2013 by a fixed rate of 12.0% and a flat amount of GHC21.36 per pensioner.
This is in accordance with Section 80 of the National Pensions Act, 2008 (Act 766). This gives an overall indexation rate of 22.6% for the year 2013.
In a press release signed by Ms Evangeline Amegashie, Corporate Affairs Manager, she said the minimum monthly pension will now be GHC100 for new pensioners, with effect from this month.
Furthermore, all pensioners receiving monthly pension of less than GHC100 will be placed on a pension of GHC100 per month.
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