Business News of Monday, 25 March 2019Source: www.ghanaweb.comYour contributions are safe - SSNIT to contributorsSSNIT has debunked claims by Organised Labour that it is misinterpreting the Pension LawThe Management of Social Security and National Insurance Trust (SSNIT) has assured all contributors that their contributions are safe and its benefits are therefore calculated in accordance with the law. According to them, "SSNIT computes benefits accurately in accordance with (PNDCL 247, Act 766 and Act 883), and on sound financial and actuarial principles and practices." But SSNIT in a statement copied to GhanaWeb stated: "SSNIT has not changed the mode of computation of benefits since these laws came into effect." The Management of SSNIT, since last year, has been engaging organised labour on the matters raised in relation to the computations of benefits. We take this opportunity to assure all SSNIT contributors and pensioners that their contributions and pensions are safe and their benefits are calculated in accordance with the law.

Source: GhanaWeb March 25, 2019 04:41 UTC