The Forum had accused SSNIT of not being forthcoming in revealing how it calculates past credits of contributors who will be due for pension by January 1, 2020. SSNIT however disagrees arguing that it only uses the agreed formula to compute and pay past credits of its members. What is a past credit? A past credit is the contribution of workers to SSNIT before the coming into force of Act 766, which brought about the three-tier pension scheme. Regrettably, SSNIT has failed to comply with the MPR directives of past credit.

Source: GhanaWeb November 29, 2019 07:07 UTC