{"id":197998,"date":"2024-07-09T10:51:05","date_gmt":"2024-07-09T10:51:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/09\/we-saved-gh%c2%a2519m-from-cleaning-ghost-pensioners-on-payroll-ssnit-dg\/"},"modified":"2024-07-09T10:51:05","modified_gmt":"2024-07-09T10:51:05","slug":"we-saved-gh%c2%a2519m-from-cleaning-ghost-pensioners-on-payroll-ssnit-dg","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/09\/we-saved-gh%c2%a2519m-from-cleaning-ghost-pensioners-on-payroll-ssnit-dg\/","title":{"rendered":"We saved GH\u00a2519m from cleaning \u2018ghost pensioners\u2019 on payroll \u2013 SSNIT DG \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>The Social Security and National Insurance Trust (SSNIT) says it saved GH\u00a2519 million by \u201cdeactivating\u201d names of \u201cghost pensioners\u201d from its payroll.<\/strong><\/p>\n<p>Mr Kofi Osafo-Maafo, Director General, SSNIT, made this known at a press briefing in Accra, addressing issues about investments and operations of the Scheme.<\/p>\n<p>Highlighting some developments and functions, he said the Trust continued to provide retirement benefits that \u201cno other pension scheme\u201d in the country offered.<\/p>\n<p>He noted that members on the Scheme have had appreciable percentage increments in their pensions over the period, and the Scheme continued to cater for those members declared \u201cunfit to work\u201d.<\/p>\n<p>\u201cA member on pension for 22 years, as of 2022, has had overall pension increment of 3,684 percent; a member on pension for 17 years has had 1,026 percent\u2026and those on pension for 7 years have had an increment of 132.21 percent,\u201d he stated.<\/p>\n<p>The Director General said the Scheme would remain viable in the years ahead, contrary to reports that it was \u201crunning out of funds\u201d.<\/p>\n<p>He referred to an International Labour Organisation (ILO) report, and said such projections were not \u201cenough basis\u201d to conclude that the Scheme was becoming insolvent.<\/p>\n<p>\u201cWe are taking significant steps to ensure that we thrive in this market place\u2026We don\u2019t just want to survive; we intend to thrive and the whole idea that we are running out of funds is not something that we even consider,\u201d he stated.<\/p>\n<p>Mr Osafo-Maafo said SSNIT would continue to make changes in its operations and expand coverage, while dealing with indebtedness to the Scheme by public and private sector employers.<\/p>\n<p>\u201cOn the investment side, we are ensuring that we manage funds prudently and we intend to do so moving forward,\u201d he said, and encouraged individuals to join the Scheme.<\/p>\n<p>He added that the Trust was improving technology and would continue to adopt various strategies to remain efficient in future.<\/p>\n<p>GNA <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Social Security and National Insurance Trust (SSNIT) says it saved GH\u00a2519 million by \u201cdeactivating\u201d names of \u201cghost pensioners\u201d from its payroll. Mr Kofi Osafo-Maafo, Director General, SSNIT, made this known at a press briefing in Accra, addressing issues about investments and operations of the Scheme. Highlighting some developments and functions, he said the Trust [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":197912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-197998","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>We saved GH\u00a2519m from cleaning \u2018ghost pensioners\u2019 on payroll \u2013 SSNIT DG \u2013 - 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\/07\/09\/we-saved-gh\u00a2519m-from-cleaning-ghost-pensioners-on-payroll-ssnit-dg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We saved GH\u00a2519m from cleaning \u2018ghost pensioners\u2019 on payroll \u2013 SSNIT DG \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Social Security and National Insurance Trust (SSNIT) says it saved GH\u00a2519 million by \u201cdeactivating\u201d names of \u201cghost pensioners\u201d from its payroll. 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