SSNIT Ghana: Benefits And All Questions Answered
SSNIT Ghana is one of the most popular retirement planning schemes in Ghana. Having a pension plan is one of the most significant investment ideas which will feed you in your retirement.
The Pension Scheme as administered by SSNIT Ghana has an active membership of over 1.6 million as of January 2021 with over 226,000 pensioners who regularly receive their monthly pensions from SSNIT.
What SSNIT Ghana Is About?
The Social Security and National Insurance Trust (SSNIT) is an agency of the government of Ghana. The purpose of the SSNIT is to administrate the National Pension Scheme.
The SSNIT Ghana was established in November 1972 as an independent body to administer the Social Security Scheme of Ghana.
The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged under the National Pensions Act, 2008 Act 766 with the administration of Ghana’s Basic National Social Security Scheme.
The SSNIT Ghana is currently the largest non-bank financial institution in Ghana.
What Is A Social Security?
“Social Security may be defined as any program of social protection established by legislation, or any other mandatory arrangement, that provides individuals with a degree of income security when faced with the contingencies of old age, survivorship, incapacity, disability, unemployment, or rearing children”
Though it is best known for retirement benefits, it also provides survivor benefits and disability income.
The package includes money or healthcare for the beneficiaries. SSNIT Ghana is there to assist any contributor who can no longer work because of disability, sickness, or old age.
Who Qualifies To Contribute To SSNIT
Membership in the SSNIT Ghana Pension Scheme is open to workers in both the private and public sectors.
Only Officers and men of the Ghana Armed Forces and Categories of persons explicitly stated by the 1992 Constitution of Ghana are exempted.
The scheme is also optional for the self-employed.
What Are The Benefits Of Contributing To SSNIT?
The primary responsibility of the Trust is to replace part of the lost income of workers in Ghana due to Old Age, Invalidity, or Death of a member where dependants receive lump sum payment.
However, there are four (4) types of benefits under the SSNIT Ghana scheme that members can enjoy depending on which contingency has occurred. And these are:
- Superannuation Pension/ Old age Pension
- Invalidity Pension
- Survivor’s Lump sum.
- Emigration benefit
What are the Qualifying Conditions of the Benefits?
The following factors are taken into consideration:
ii) Average of your three (3) Best Years Salaries
iii) Earned Pension Right – Number of months you have contributed to the scheme
You can earn a pension right between 37.5% and 60%, depending on the number of months contributed at the time of retirement.
A minimum contribution of 180 months (15 Years) gives a pension right of 37.5%, and every additional month attracts an additional percentage of 0.09375%.
How to Apply For Your SSNIT Benefit
- Contact the nearest SSNIT Ghana Branch with your Smart Card or Biometric Card.
- Submit a letter of retirement from your employer.
- The SSNIT Branch will then provide you with a Pension Application Form for completion.
- Submit your completed form to the SSNIT Branch.
- Provide an active bank account number that bears your name—evidence of bank account details.
- SSNIT will notify you to collect your monthly pension at your bank
What Is SSNIT Survivors’ Benefit
The benefit is computed as follows:
Where a member dies having made at least twelve months’ contributions within the last 36 months prior to the death of the member, SSNIT will fund a lump sum payment of the earned pension of the deceased member for a period of 15 years paid.
How to Apply for Survivors’ Benefit (SSNIT Death Benefit Claims)
Carefully follow these steps if you want to claim an SSNIT benefit for a late member of your family.
Report the death of a member to the nearest SSNIT Branch Office with any two of the following pieces of evidence of Death including a letter from the employer.
i) Death Certificate
iii) Burial Permit
iv) Medical Certificate
v) Letter from Employer where available
vi) Funeral program
vii) Affidavit from Chief of Village or Town
On receiving information about the death of a member, SSNIT will request the nominated dependants to apply for the benefit.
A dependant may call at SSNIT Branch Office to collect, complete, and submit an Application Form to which he will attach one of the documents listed above.
SSNIT Ghana Address And Contact Numbers
|SSNIT Ghana Branches||Contact Numbers|
|Accra Industrial Area||(0302)225233|
|Agona Swedru||(033 20) 20399|
|Pension House Branch||(0302) 667731|
|Adabraka Branch||(0302) 669493|
|Accra Central||(0302) 664987|
|Korle Bu||(0302) 660172|
|Tema C. 2||(0303) 204007|
|Tema Harbour Branch||(0303) 206802|
|Tema East Branch||(0303) 7012081|
|Teshie/Nungua Branch||(0302) 711022|
|Somanya Branch||(034 20) 91417|
|Adum Branch||(032 20) 24902|
|Kumasi Asafo Branch||(032 20) 22266|
|Konongo Branch||(032 21) 24470|
|Dunkwa Branch||(033 22) 28256|
|Obuasi Branch||(032 25) 41727|
|Mampong Ashanti Branch||(032 25) 22318|
|Sefwi Wiawso Branch||0244339976|
|Bekwai Branch||(032 24) 20297|
|Sunyani Branch||(035 20) 23532|
|Wenchi Branch||(035 20) 92098|
|Goaso Branch||(035 20) 94262|
|Techiman Branch||(035 25) 91697|
|Tarkwa Branch||(031 23) 20332|
|Takoradi Branch||(031 20) 23565|
|Axim Branch||(031 21) 22303|
|Cape Coast Branch||(033 21) 32991|
|Assin Fosu||(033 22) 40544|
|Koforidua Branch||(034 20) 23101|
|Kade Branch||(034 292) 2855|
|Nkawkaw Branch||(034 31) 22143|
|Akim Oda Branch||(034 292) 2586|
|Mampong Akwapim||(034 27) 22019|
|Ho||(036 20) 26657|
|Hohoe Branch||(036 27) 22089|
|Tamale||(037 20) 22096|
|Yendi||(037 20) 95243|
|Wa||(039 20) 22435|
|Lawra||(039 20) 22819|
|Bolgatanga||(038 20) 22370|
|Bawku||(038 22) 22276|
|Gambaga||(037 20) 94424|
FAQs About SSNIT Ghana
How can I check my SSNIT account?
- Request a portal identification number from SSNIT.
- Login to the SSNIT website (www.ssnit.org.gh)
- Set up your security credentials.
- Check your contributions and benefit.
Who qualifies for SSNIT Benefits?
You must be 55 years and above but below 60 years of age; and. You must have made a minimum contribution of 180 months (15 years) under act 766 and 240 months (20 years) under PNDCL 247.
Can a student register for Ssnit?
It is good to contribute to the pension scheme early to ensure retirement income security. Therefore, students at various tertiary institutions across the country have been encouraged to register for SSNIT.
Is it compulsory to pay SSNIT?
It is a defined benefit scheme and mandatory for workers to have 13.5% contributions made on their behalf. The contribution is managed by SSNIT.
Can you withdraw money from SSNIT?
A member cannot withdraw part of his contribution because again it is not a saving scheme. The contributions have to be made over a period of time and invested to enable the scheme to pay out the benefits guaranteed under the scheme.
Can I pay my own SSNIT?
Yes, you can use your NIA number (Personal ID Number on the Ghana Card) if it has been merged with your SSNIT number.