{"id":742784,"date":"2019-11-12T10:55:41","date_gmt":"2019-11-12T10:55:41","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/12\/ssnit-educates-workers-on-indexation\/"},"modified":"2019-11-12T10:55:41","modified_gmt":"2019-11-12T10:55:41","slug":"ssnit-educates-workers-on-indexation","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/12\/ssnit-educates-workers-on-indexation\/","title":{"rendered":"SSNIT Educates Workers On Indexation"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Dr. Kwame Addo Kufuor<\/strong><\/p>\n<p>The recent novelties in the service delivery of the Social Security and National Insurance Trust (SSNIT) are being appreciated by<br \/>\nmany workers and pensioners across the country. <\/p>\n<p>The periodic and consistent updates about contributions and lately the<br \/>\n2019 pension indexation are new features of the SSNIT since it came under a new<br \/>\nmanagement after the exit of the previous government.<\/p>\n<p>Recently, the Tema branch of the National Pensioners Association (NPA)<br \/>\nexpressed appreciation. <\/p>\n<p>The pensioners are excited about the public education programme of the<br \/>\ntrust which recently saw the General Manager, Benefits, Robert Owusu-Sekyere,<br \/>\nexplaining some recent novelties by the trust to them. <\/p>\n<p>At the Tema Community One branch of the NPA, the general manager<br \/>\neducated the pensioners about the rationale behind the 2019 pension indexation<br \/>\nwhich until the programme was not understood by many. <\/p>\n<p>The pensioners learnt about indexation and what informed the 11 per cent<br \/>\nincrement of pensions for 2019. <\/p>\n<p>He told his hosts that \u201cindexation was a technique to adjust pension<br \/>\npayments in order to maintain the purchasing power of pensioners,\u201d adding that<br \/>\npensions are normally indexed to wage inflation or some other rates such as<br \/>\nprice inflation. <\/p>\n<p>Continuing, he said that three factors informed the calculation of<br \/>\nindexation, namely the average salary growth of active contributors which stood<br \/>\nat 12.66 per cent, the annual average change in Consumer Price Index which was<br \/>\n9.50 per cent and the financial implication on the fund in terms of liquidity<br \/>\nand sustainability of the scheme. <\/p>\n<p>He assured them that their monies were safe and were being put into the<br \/>\nright investments to yield good returns and ensure the sustainability of the scheme.\n<\/p>\n<p>The Chairman of the Tema branch of the NPA, Emmanuel Anuma, was full of<br \/>\npraise for SSNIT for gracing the occasion. <\/p>\n<p>Since the new management assumed office at SSNIT, the Chairman of the<br \/>\nBoard of Trustees, Dr. Kwame Addo-Kufuor, and his team have witnessed marked<br \/>\nimprovement. <\/p>\n<p>The Trades Union Congress (TUC) had cause to praise them for their performance during last year\u2019s May Day celebration.<\/p>\n<p><strong>By A.R. Gomda<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Kwame Addo Kufuor The recent novelties in the service delivery of the Social Security and National Insurance Trust (SSNIT) are being appreciated by many workers and pensioners across the country. The periodic and consistent updates about contributions and lately the 2019 pension indexation are new features of the SSNIT since it came under a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":742785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-742784","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SSNIT Educates Workers On Indexation - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/12\/ssnit-educates-workers-on-indexation\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SSNIT Educates Workers On Indexation - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Dr. Kwame Addo Kufuor The recent novelties in the service delivery of the Social Security and National Insurance Trust (SSNIT) are being appreciated by many workers and pensioners across the country. 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