The Social Security and National Insurance Trust (SSNIT) has increased monthly pension payment by 20 percent effective January 2016.

A statement issued by Ms Evangeline Amegashie, SSNIT Corporate Affairs Manager stated that the latest increment means the minimum wage for current pensioners will increase to GHC296.89 from GHC230.00.

The statement added that “all fresh pensioners from January will receive a new monthly pension of GHC276.00”.