Audio By Carbonatix
The Social Security and National Insurance Trust (SSNIT) has increased the maximum insurable earning for 2023 to ¢42,000, from ¢35,000.
This increase takes effect from January 1, 2023.
In a statement, the Trust emphasised that the increase was made after careful consultation with the National Pensions Regulatory Authority in accordance with Section 63 (3) of the National Pensions Act 2008 (Act 766).
Accordingly, the minimum insurable earning has also been increased from ¢365.33 to ¢401.76, following the raise in the National Daily Minimum Wage.
It further urged employers and members of the insurance scheme to comply with the new changes and ensure the right contributions as the maximum and minimum contributions payable to SSNIT will be ¢5,670 and ¢54.24 respectively.
Read the public notice below:
Latest Stories
-
Barcelona close to deal for Arsenal’s Jesus
1 hour -
Three-week international break a concern – Mourinho
2 hours -
Bellingham scores as Mourinho’s Real win again
2 hours -
Tech trouble leaves Chelsea game ref without comms
2 hours -
Wife of man who died after turbulence sues airline
2 hours -
Russia says it helped to repel Niger attempted coup
2 hours -
Michail Antonio helps young Ghanaians chase Premier League dreams
4 hours -
Zambian opposition leader charged with treason
4 hours -
Iceland votes against restarting EU membership talks
4 hours -
WhatsApp chat used to launder cash for crime and extremism
4 hours -
US judge blocks Pentagon’s Anthropic blacklisting
4 hours -
Tinubu files case in US court to block release of alleged drug trafficking record – Lawyer
5 hours -
‘Powder Guy’ denies $32,000 visa fraud charges
5 hours -
Two suspects arrested over lynching at Daboya
5 hours -
Mobile phones contributing to Christians’ spiritual decline – Bishop Patu
5 hours