SSNIT to pay pension benefits via mobile money | Economy

The SOCIAL Security and National Insurance Trust (SSNIT) has announced its intention to use Mobile Money and other innovative payment systems for the payment of pension benefits and contributions.

According to the Trust, this is about reducing the hbadle of paying benefits and contributions.

Dr. John Ofori-Tenkorang, Chief Executive Officer of SSNIT, announced it Wednesday, June 12, 2019 in Tema, while he was indulging in syndicated work.

The forum was intended to provide stakeholders with a platform to discuss issues related to pensions and benefit calculation.

Dr. Ofori-Tenkorang indicated that the SSNIT is committed to quickly resolving all legitimate requests.

He also said that the SSNIT had put in place measures to operate in a transparent and more engaging way.

In 2018, he revealed that a total of 2.5 billion Gh ¢ had been paid to retirees as benefits.

In addition, he revealed that the Trust had erased about 6,000 ghost names from his payroll, generating a savings of 43 million Gh ¢.

According to him, the current leadership of SSNIT is committed to operating seamlessly.

Greater Accra Deputy Secretary General of the Greater Accra Congress of Trade Unions, Joshua Ansah, commended SSNIT for its commitment, calling on young employees to take their pension contributions seriously.

He cautioned against any attempt by their employers to make small contributions to the SSNIT.

According to him, young employees should not consider pension contributions as reserved for older workers.

That, he said, is because after retirement from active service, that's what they could count on for their survival.

The SSNIT Education Forum has already taken place in Bolgatanga, Tamale, WA and Sunyani.

It aims to promote awareness of the SSNIT program, to empower organized workers as peer educators for the Trust, as well as to demystify some of the problems badociated with calculating benefits and the Trust's partnership in the 39, enforcement of compliance.

The regional meetings are also in line with the National Pension Regulatory Authority's (NRA) directive to the Trust to intensify its public education activities and to ensure that Plan members understand how their calculations are calculated. benefits.