People’s Pension Trust is a company licensed by the National Pensions Regulatory Authority (NPRA), Ghana, to provide trustee services for the Ghanaian workforce, particularly, those in the informal sector.
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In accordance with Section 80 of the National Pensions Act, 2008 (Act 766), the Social Security and National Insurance (SSNIT) has increased the monthly pension of pensioners by 18% for the year 2017.
This translates into the following after redistribution: Current pensioners on the SSNIT Pension as at December, 2016 will have their pensions –
1. Increased by a fixed rate of 15% plus;
2. An additional flat amount of GH¢41 per pensioner.
Accordingly, all SSNIT pensioners on the current minimum monthly pension of GH¢276.00 will have their pensions increased to GH¢334.81.
All fresh pensioners from January 2017 will receive a minimum monthly pension of GH¢276.00. SSNIT takes this opportunity to inform all pensioners who have not yet re-registered for their Biometric Smart Cards to do so by 28th February, 2017. All pensioners who have not re- registered will have their pension payment delayed if they do not re-register for their Biometric Smart Cards.