Ho Branch Manager of the Social Security and National Insurance Trust (SSNIT), Mr. Sulley Abukari, has discounted the claim that his outfit is short-changing pensioners.
He said the annuity factor which did not exceed 60 per cent was calculated on a pension right of 2.5 per cent per year for the first 15 years of contribution and a 1.125 per cent for every additional year until retirement.
Industrial Relations Officer for the Volta Regional Chapter of the Health Services Workers Union (HSWU), Madam Harriet Amponsah, had alleged that SSNIT, citing an “annuity factor” was deducting 41.9 per cent from pensioners’ salary illegally.
She said some pensioners of the heath service who confronted SSNIT on the issue had their data recomputed and reimbursed.
Speaking in an interview with Ghana News Agency, Mr. Bukari said benefits were subject to salaries earned with inflation being factored in the computations among others.
He said the scheme was a “risk-puller” which depended on inter-generational support and must be solvent and sustained at all times.
Mr. Bukari said more was needed to be done in the area of public sensitisation and appealed to contributors and the general public not to hesitate to visit any of the scheme’s offices whenever they needed clarification.
Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.