Government doesn’t owe GHc1bn pension money – SSNIT

The Social Security and National Insurance Trust (SSNIT) has denied reports that government has failed to pay contributions of public sector workers under the Tier-1 scheme.

An operational performance report of SSNIT between September 2013 to September 2014 secured by Joy News revealed that government has defaulted in the payment of almost 1 billion Ghana cedis.

The Accountant General was said to be in “arrears of 15 months of unpaid contributions,” the report indicated.

What this meant was that within the 15 months, government collected SSNIT contributions from workers, especially in the public and civil service and yet failed to remit same to SSNIT.

But Director General of the state pension trust, Ernest Thompson told Joy Business government has issued bonds to clear these debts.

There are so many ways of paying social security debts so far as government is concerned, he explained at times we ask that they are converted into bonds “and that has been done and we are okay with it”.

Mr. Thompson maintained, “So in our books those debts do not exist again”.

He said the only outstanding debt they have been engaging government to clear covers the period from September to December 2014.

Listen to Ernest Thompson

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