Business News of Monday, 25 March 2019Source: Myjoyonline.com‘Benefits payments are accurate’ – SSNIT fends off Organised Labour allegationsFile photoThe Social Security and National Insurance Trust (SSNIT) has refuted a claim by Organised Labour that it is misinterpreting the Pension Law and paying low premiums to contributors. “SSNIT computes benefits accurately in accordance with (PNDCL 247, Act 766 and Act 883), and on sound financial and actuarial principles and practices. SSNIT has not changed the mode of computation of benefits since these laws came into effect,” the reaction issued by the SSNIT Corporate Affairs Department indicated. The Management of SSNIT, since last year, has been engaging organised labour on the matters raised in relation to the computations of benefits. The issues in reference have been referred to the NPRA by both SSNIT and organized labour for their review and directives.

Source: GhanaWeb March 25, 2019 01:07 UTC