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Business News of Wednesday, 21 August 2024

Source: classfmonline.com

SSNIT disburses GH¢447 million to secure pensions for over 250,000 retirees

Social Security and National Insurance Trust Social Security and National Insurance Trust

The Social Security and National Insurance Trust (SSNIT) has disbursed a significant GH¢447.07 million to 250,580 pensioners for the month of August 2024.

This payment, processed on Thursday, August 15, 2024, covers pension benefits under both PNDC Law 247 and Act 766, underscoring SSNIT’s unwavering commitment to safeguarding the financial security of retirees across Ghana.

SSNIT revealed that the highest monthly pension disbursed under PNDC Law 247 reached GH¢186,777.58, while under Act 766, the highest amount was GH¢26,509.66.

The lowest monthly pension for existing pensioners was GH¢409.10, and the minimum monthly pension for new pensioners was set at GH¢300.00.

The next pension payment is scheduled for September 19, 2024.

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