SSNIT effects 12% pension increment; GH₵510m disbursed for January 2025

The Social Security and National Insurance Trust (SSNIT) has disbursed a total of GH₵510.21 million in pensions to 253,601 pensioners for January 2025.

The payment was made on January 16, 2025 underscoring SSNIT’s commitment to providing timely and reliable support to retirees.

This disbursement reflects a 12% increase in monthly pension payouts as part of SSNIT’s annual indexation process for 2025.

The adjustment was made in consultation with the National Pensions Regulatory Authority (NPRA) and complies with Section 80 of the National Pensions Act, 2008 (Act 766).

For January 2025, the highest monthly pension under PNDC Law 247 was GH₵201,792.37, while the lowest pension for existing pensioners was GH₵396.58.

Under Act 766, the highest monthly pension was GH₵28,703.01, with the minimum for new pensioners set at GH₵300.

In December 2024, SSNIT disbursed GH₵454.05 million to 252,766 pensioners.

During that period, the highest monthly pension under PNDC Law 247 was GH₵186,777.58, while the lowest was GH₵409.10.

For pensions under Act 766, the highest monthly amount was GH₵26,506.66, with the minimum remaining at GH₵300.

The next pension payment is scheduled for February 20, 2025.

SSNIT has urged all workers to secure their retirement by insuring their full earnings with the Trust to ensure a lifetime pension.

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