Audio By Carbonatix
The Social Security and National Insurance Trust (SSNIT) says it has a huge sum of money lodged in its suspense account as a result of some employers' inability to supply it with the Social security numbers of their employees.
To eliminate this practice, payments of contributions under the new pension scheme would have to be supported by the relevant documents with the amount paid against his or her name.
Mr. Mathew Kyeremanten, the Wa Branch Manager of SSNIT, who made this known at a forum on the New Pension Scheme for heads of departments and their SSNIT schedule officers, at Wa, said no payments would be accepted without the documents.
He said, in the past, SSNIT was more interested in collecting the money so it did not spend time to ensure that the right thing was done by employers and this had led to the huge money in that account, which it also found difficult to utilise.
Mr Kyeremanten said SSNIT has observed that some contributors inflate their salaries during the last three years of their active service so under the new scheme the system would not allow any dramatic hike in salaries.
He expressed regret that currently the least contributor in the Upper West Region earned GHC25 a month, saying a person retiring with such a ridiculous salary should not hope to get any better pension from SSNIT.
The new pension law, he said, has, therefore, made it obligatory for SSNIT to accept contributions that would be based on the National Minimum Wage.
"We will not accept payments as contributions that are under the approved monthly equivalents of National Daily Minimum Wage," he warned.
The SSNIT Branch Manager pointed out that not all illnesses could entitle a person to enjoy invalidity pension, adding that the process leading to the approval of a worker as an invalid was not as easy as many people thought because an applicant had to be examined by a competent medical board.
"A person who is blind or lame may still be able to work. So some people have applied for invalidity pension but failed to get the approval of the medical board," he stated.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana at the World Cup: How football builds national brand identity beyond the pitch
1 hour -
SSNIT considers leasing loss-making hotels as turnaround plan takes shape
2 hours -
2026 World Cup: ‘We battled like warriors’ and won ‘with our brains’ – Queiroz opens up on Ghana’s victory
2 hours -
Ruto invites Arsenal after Kenyan fans celebrate title win
3 hours -
Oil slips again as US, Iran sign peace deal
3 hours -
Driver, passenger escape unhurt after tree falls on taxi at Golf Hills
3 hours -
We’re fully prepared and determined to secure victory – Black Stars assure Mahama
3 hours -
2026 World Cup: Late Yirenkyi strike gives Ghana victory over Panama in opener
3 hours -
Passport ‘mega queue’ strands Ryanair passengers
4 hours -
Harry and Meghan to bring children to UK next month
5 hours -
Trump says he will visit India as frosty relationship with Modi thaws
5 hours -
‘Get him out of here’: Judge sends Gilgo Beach killer to prison for rest of life
5 hours -
ChatGPT can be made to generate sexualised and violent images, researchers find
5 hours -
Japan raids ice cream giants over price-fixing allegations
5 hours -
Ex-Nigeria oil minister cleared in UK bribery trial
5 hours