SSNIT Director-General Emphasizes Importance of Collaboration

SSNIT Director-General Emphasizes Importance of Collaboration

The Director-General of the Social Security and National Insurance Trust (SSNIT), Kwesi Afreh Biney, has emphasized the importance of collaboration between employers, employees, and SSNIT to ensure the sustainability of the trust. Speaking at a forum, Biney noted that employers play a critical role in the affairs of the trust, and it is essential to build a strong relationship between all stakeholders.

The trust provides income security for Ghanaian workers, with a mission to provide confidence and security in old age. SSNIT pays pensions to over 257,000 beneficiaries, made possible by employers’ contributions. However, questions have been raised about the adequacy of SSNIT payments, with some beneficiaries expressing dissatisfaction.

The structure of employee compensation can also impact pension calculations. When a significant portion of income comes from allowances rather than basic pay, it can affect the amount of pension received. Biney urged employers and employees to work together to build a scheme that provides a good pension for workers.

To achieve this, SSNIT is embarking on digital transformation to modernize its operations and make it more efficient and convenient for stakeholders. The goal is to provide a seamless and efficient experience for employers and employees, leveraging technology to streamline processes and reduce inconvenience.

:Key Takeaways:

1.Collaboration between employers, employees, and SSNIT is crucial for the sustainability of the trust.

2.Employers’ timely remittance of contributions is essential for SSNIT’s ability to pay benefits to pensioners.

3.Digital transformation is necessary to modernize SSNIT’s operations and improve efficiency.

By working together, employers, employees, and SSNIT can build a strong and sustainable trust that benefits all stakeholders.

Story by Fada Amakye from Daily Sun online