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SSNIT Advocates for Integration of Employee Allowances and Salaries for Enhanced Pension Benefits

Kumasi: The Social Security and National Insurance Trust (SSNIT) has called for the consolidation of employee allowances and salaries for SSNIT pension contributors to ensure future financial stability.

According to Ghana News Agency, Mr. Philip Kofi Senyah, the SSNIT Manager in-Charge of Operations, emphasized that this merger is a strategic approach to secure employees' long-term financial independence upon retirement. During an interview on the sidelines of SSNIT's maiden 'Media Connect' event in Kumasi, Mr. Senyah encouraged contributors from both formal and informal sectors to consider this integration and increase their monthly pension contributions.

The 'Media Connect' forum was organized by SSNIT to fortify its collaboration with the media and empower them to disseminate accurate and impactful stories on social security. The event, which is part of SSNIT's 60th-anniversary celebration themed 'A Legacy of Service,' was attended by media professionals and managers from the Ashanti, Ahafo, Bono, and Bono East Regions.

Mr. Senyah elaborated that contributors' benefits are calculated based on their monthly contributions. He justified that merging allowances and salaries would enhance these contributions and consequently improve retirement benefits.