{"id":175915,"date":"2024-04-27T07:42:58","date_gmt":"2024-04-27T07:42:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/"},"modified":"2024-04-27T07:42:58","modified_gmt":"2024-04-27T07:42:58","slug":"our-reserves-are-not-depleting","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/","title":{"rendered":"Our reserves are not depleting"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Social Security and National Insurance Trust [SSNIT) has refuted claims suggesting that its reserves are depleting.<\/p>\n<p>There have been reports suggesting that SSNIT will be unable to pay benefits by 2036 as a result of depletion in reserves.<\/p>\n<p>But in a statement issued on Friday, April 26, SSNIT said it \u201cpresently receives contributions and has enough funds to pay accruing benefits due Members.\u201d<\/p>\n<p>It said it is a partially funded scheme, and that pension payments are funded from contributions and returns from investments.<\/p>\n<p>\u201cThat pension payments are not funded by reserves.\u201d<\/p>\n<p>\u201cThere has been steady growth in contributions. This growth is well supported by the current demographics and the dedicated activities of our staff in getting new employers and contributors to join the scheme,\u201d it further stated.<\/p>\n<p>The Scheme indicated that investment income has been healthy and would offset any unexpected deficits that may arise.<\/p>\n<p>\u201cThe Government is current in the payment of contributions on behalf of its workers. Modalities are in place to service the outstanding contributions.\u201d<\/p>\n<p>\u201cThe Trust has never missed any pension payment since 1991, when the pension scheme was introduced,\u201d it stated.<\/p>\n<p>SSNIT therefore assured all members and the public that it will continue to ensure prudent management of the Fund to meet its benefits payment obligations beyond 2036.<\/p>\n<p>\u201cAs we approach May Day, we wish all pensioners and workers in Ghana a Happy May Day,\u201d it added.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Social Security and National Insurance Trust [SSNIT) has refuted claims suggesting that its reserves are depleting. There have been reports suggesting that SSNIT will be unable to pay benefits by 2036 as a result of depletion in reserves. But in a statement issued on Friday, April 26, SSNIT said it \u201cpresently receives contributions and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":175916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-175915","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Our reserves are not depleting - 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\/2024\/04\/27\/our-reserves-are-not-depleting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our reserves are not depleting - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Social Security and National Insurance Trust [SSNIT) has refuted claims suggesting that its reserves are depleting. There have been reports suggesting that SSNIT will be unable to pay benefits by 2036 as a result of depletion in reserves. But in a statement issued on Friday, April 26, SSNIT said it \u201cpresently receives contributions and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-27T07:42:58+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Our reserves are not depleting\",\"datePublished\":\"2024-04-27T07:42:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/\",\"name\":\"Our reserves are not depleting - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2024-04-27T07:42:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/04\\\/27\\\/our-reserves-are-not-depleting\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Our reserves are not depleting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Our reserves are not depleting - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/","og_locale":"en_US","og_type":"article","og_title":"Our reserves are not depleting - Ghanamma.com","og_description":"The Social Security and National Insurance Trust [SSNIT) has refuted claims suggesting that its reserves are depleting. There have been reports suggesting that SSNIT will be unable to pay benefits by 2036 as a result of depletion in reserves. But in a statement issued on Friday, April 26, SSNIT said it \u201cpresently receives contributions and [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/","og_site_name":"Ghanamma.com","article_published_time":"2024-04-27T07:42:58+00:00","author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Our reserves are not depleting","datePublished":"2024-04-27T07:42:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/"},"wordCount":234,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/","url":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/","name":"Our reserves are not depleting - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#primaryimage"},"thumbnailUrl":"","datePublished":"2024-04-27T07:42:58+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/04\/27\/our-reserves-are-not-depleting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Our reserves are not depleting"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/175915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=175915"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/175915\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=175915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=175915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=175915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}