The Social Security and National Insurance Trust (SSNIT) paid out GH₵510.21 million in pensions to 253,601 pensioners in January 2025.
The payment was made on January 16, 2025, demonstrating SSNIT’s commitment to providing timely and dependable support to retirees.
This disbursement represents a 12% increase in monthly pension payouts as part of SSNIT’s yearly indexation process until 2025.
The adjustment was made in cooperation with the National Pensions Regulatory Authority (NPRA) and is in accordance with Section 80 of the National Pensions Act of 2008 (Act 766).
In January 2025, the maximum monthly pension under PNDC Law 247 was GH₵201,792.37, with the lowest income for existing pensioners being GH₵396.58.
According to Act 766, the maximum monthly pension was GH₵28,703.01, while the minimum for new pensioners was GH₵300.
In December 2024, SSNIT paid out GH₵454.05 million to 252,766 pensioners.
PNDC Law 247 provided monthly pensions ranging from GH₵409.10 to GH₵186,777.58.
Act 766 benefits ranged from GH₵300 to GH₵26,506.66 per month.
The next pension payment is planned for February 20, 2025.
SSNIT has advised all employees to protect their retirement by insuring their whole earnings with the Trust, ensuring a lifetime annuity.
