Giving contributors 3-month token illegal-SSNIT to Mahama

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The Social Security and National Insurance Security (SSNIT) says heeding to former President Mahama’s call to give contributors three months token amid the coronavirus pandemic contravenes the SSNIT Pension Law.

According to the Trust, “That the benefits His Excellency is suggesting that we pay do not exist in the law. To do so will constitute an illegality and contravention of the provisions of the National Pensions Act, 2008, Act 766”.

Continuing, it said “That even though these are not normal times, the Trust remains firmly committed to paying over GHS213 million pensioners on the SSNIT payroll as well as honouring payments to all new pensioners that apply.”

According to former President Mahama, social security contributions are essentially an insurance scheme made, not just for pensions in old age, but also to help contributors in times of adversity such as this.

But the Trust said though it acknowledges the sentiments of the former President, the Trust is a creature of law emanating from the National Pensions Act, 2008, Act 766 which governs the administration of SSNIT and all other pension schemes in the country.

It added that the SSNIT has its operations, reach and mandate clearly stated in the law.

It promised to protect the variability and sustainability of the SSNIT scheme at all times.

“Management of SSNIT wishes to assure the general public that is committed to the safety of its members and clients who may visit any of our offices to transact business.”




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