<< x^�\�r�� }�W��*ð/�=J��Uj-y-�R�TdK�&�5Z[���d78h� R�f+��Z��C8h4 6�׽_�����R��Ik�:���V���ǽ,��J�'���UiM���������YH6��>��U���eQ������wt��˓���Һ�/��ZaN ���&��w� }��('���W��6���k�������+��β�'��K���X��H�^���՗���N-���Tu��9�Lch��9I�TK)�����_8yu��x��kwtrz/�tj+y�`q��Ӟ��/�!L��:N On 31st December, 2014, Act 883, the National Pensions (Amendment) Act, passed by the Parliament of Ghana came into force. /F2 9 0 R stream /F3 12 0 R It is a defined contribution scheme. /Font << /MediaBox [0 0 612 792] The contribution is managed by SSNIT. endobj P. O. 3 0 obj If your answer to any of the questions above is NO, then kindly contact the nearest SSNIT Branch for advice and remedial action. The National Pensions Act, 2008 in Ghana establishes a contributory three-tier pension scheme consisting of the following: A mandatory basic national social security scheme A mandatory fully funded … Social Security and National Insurance Trust (SSNIT) is a Public Pension located in Accra Ghana, Africa. ● Tier 1 – the first tier is the Basic National Social Security Scheme for all workers in Ghana. Employer liability (cash maternity benefit):Employed persons, including public-sector employees not covered by a special system. The scheme is also optional for the selfemployed. Subsequently, SSNIT also remits 2.5 per cent out of the 13.5 per cent to National Health Insurance Authority for member’s Health Insurance and the remaining five per cent goes to the second tier pension scheme,” she said. /F4 15 0 R The Social Security and National Insurance Trust, is an agency of the government of Ghana.Its "job description", according to its website, is to administrate the National Pension Scheme. “Out of the 18.5 per cent the employer shall remit 13.5 per cent within 14 days after the end of each month to SSNIT. Current Assets for SSNIT is $2,060,020,000 and SWFI has 2 periods of historical assets, 7 personal contacts available for CSV Export. /F5 18 0 R -�30E*X�H Ķh��]��u �%�j�=�4`��VیK� On the 15th of March, 2020, the president of the Republic of Ghana, His Excellency Nana Addo Dankwa Akufo-Addo, announced a ban on social gathering including the indefinite closure of … Section 46 offers special incentives for the employment of persons with disabilities, and section 53 places special emphasis in training and retr… Out of the 18.5% the employer is to remit 13.5% to the Trust … Its mandate is to cater for the First Tier of the Three-Tier Pension Scheme. Penalty of 3% per month shall be imposed on unpaid contribution.  Additional penalty of 3% per month on the contributions plus penalty may be imposed if after written demand notice the employer fails to pay. 4 0 obj 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 Pension Scheme and to cater for the first tier of the contributory three-tier scheme. The Constitution of Ghana and the labour laws prohibit discrimination on the basis of race, sex, ethnic origin, creed, colour, religion, social, or economic status. >> /Filter /FlateDecode It takes about 15 minutes. Top 13 Law Schools In Ghana; Top 7 Accredited Medical Schools In Ghana [2020/2021] [2020] Top 10 Physician Assistant Colleges And Universities In Ghana The amendment was made to achieve the following: To reduce the age exemption of those to whom Act 766 became applicable from its inception on 1st January, 2010 from 55 years to 50 years. WHAT IT IS The Social Security and National Insurance Trust (SSNIT) is a statutory public Trust charged with the administration of Ghana's National Pension Scheme. [!����'��Ea� ��� ��I�%�w�g]g�{7ɹQ�c㱰�я0_� ��(��"c}? The employer shall accompany each contribution payment with a list of the workers indicating their social security numbers and the amount each worker is contributing – called theÂ. qq��i�=�X��,���K3�Qb���K4�K�P%gg28ϡ�w`�Nۉ��`���E��u���]� 6{`;v3֋�,x�Y��v܄ck�v��|�{,T�!��b K�e��6����W�fu �.s�J:\bd��5��r\/a٫�� �s��y��`Lڗm���/����=I���.�K4���$y�K�@1�T�m ��ϡ�,K������k�vZ�ޘ�*��3Jར�n;%`�9׉R�(�9cft,�Ⱦ���"��1\�����fhK*�h��/ښ��-�OW�*8c��h:�׊�]��OrJ�9���T�x��?�0����Gg������[7���Ȳ8�RO���- SSNIT is a government established public trust to process and manage the pension scheme of workers and employers in 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. Part VI of the Labour Act ensures protection of working women and Part V protects workers with disabilities. ���A5�a��/ ����J|��X�4��5�^�Լ^����z�˅����OaP8ҿ٪���9o About SSNIT. 25% of pension contributors in Ghana on salaries of GH₵400 or less – SSNIT ... Facebook Twitter WhatsApp LinkedIn. Z��B���u���[��s���)��&�∳1��M6���H�r��A�[�E��ur�\�O�3N���e���ʙ���R�`��wS"�/��y���c�;F�n�0�n�k�6�al��g/3t�� .��H�����2F�R �� ���ǕnɊ!�htᢴ#�l�O_^�DI�2��(Q@�x�gm�O-Oõ�ϟ^�7Q���*�z"�$�D�Z�(̚ x�\�{W#1[[�����0�v�����g]��4y����'�' ��bDa��9,ޭal�/�2���,: About SSNIT. Make regular contributions on behalf of the workers to SSNIT. Deduct 5.5% of the workers salary every month and add 13% of worker’s basic salary to make 18.5%. /Contents 4 0 R The Social Security and National Insurance Trust (SSNIT) manages the Tier 1 scheme. Exclusions: Self-employed persons. %PDF-1.4 About Social Security and National Insurance Trust (SSNIT) 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.Its mandate is to cater for the First Tier of the Three-Tier Pension Scheme. Contact center. Workers who turn 60 years from January 1, 2020 will no longer receive lump sum payments from the Social Security and National Insurance Trust (SSNIT) under PNDC Law 247. Obligations of Workers and Employers Out of the 18.5% the employer is to remit 13.5% to the Trust within 14 days of the ensuing month. (for biometric registration) All required is your bio data. << t�^�H6��Q�4���["�w�1�Y|b�p��qt�7:�*��+�[3O� �O���o�7`�gb`c pY��l���Nab��I �M�������9��c��3��Z�)H+ Contribution reports must be submitted by the end of the month whether contributions are remitted to the Trust or not. The First Tier is the Basic National Social Security Scheme for all workers in 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. Section 68 specifies that every worker shall receive equal pay for equal work without distinction of any kind. That is where the Social Security and National Insurance Trust (SSNIT) comes in. How do Pensions and Social Security work in Ghana? /F6 21 0 R What are the employer's obligation under Act 766? However, the tax laws require the local entity to file a Director’s return on their behalf annually. %���� /Parent 2 0 R Ghana’s National Pension Act 2008 Compared with Nigeria’s Pension Reform Act 2014 From the table, it is clear the bulk of the monies in Ghana still go to SSNIT; a whooping 73% of your monthly contributions. Ensure all employees are registered under the Scheme. OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED NATIONAL PENSIONS ACT, 2008 ... establishment of a Social Security and National Insurance Trust to manage the basic national social security scheme to cater for the first tier of the contributory three … >> SSNIT@ primary responsibility is to replace part of lost income of workers in Ghana due to Old Age, Invalidity and permanent migration of an expatriate contributor from Ghana. Ensure all employees are registered under the Scheme. /F1 6 0 R >> Social insurance (medical benefits):Residents of Ghana. Exclusions: Military and police personnel. Special systems for certain civil serv… Such a director will not be deemed as resident for tax purposes in Ghana. �9a����Q�Wme�� j���yD�b���b!��\��ԣx��������z��¨��(Q��=�#r���%f������D���b�G�F���ӽk͐#^�G(����_�M���[;��I���#��s�@M4Y�,zʌ��FɁ^`@�핛`$� SSNIT Registration in Ghana has been simplified to make sure many people are incorporated into the SSNIT to secure their retirement earnings. �Y /\�,s����.��j��#B��@�� "�-"���=&B@��D���"���-�3J���3c��Cg�uж�t\w@B��$�������_IM�Vd�3^�]E3s��k6AЙg> ��.�▝˲�M���ZaF�9�LY�����,H�`Q����z�v��~A�&I��hu�H�a�"O��#z)X6}w}?�]>a��_=O0��1��ƹ�}!�f�P��������g:��V�������|��6�W�x�n�"��)�Ώ�D ���Z`,��CV������|�c�� &��M�� G. Provide your details below. Walk into any SSNIT office to get registered. �`Qؼ�o+jN�v��̏�K50���W�*�y.��Ik��i�^0�ƳVo�m�p�,���y�k�3�,��k���fq�Xd����n(��]�fa��`Q�����lc�п%��%���vC��|4J\X.�`a������6k�~�Ʌ�&�h=�Na�Kv��m��.eyXn�W���}� �Έ��� ��Dd���}1�t_*XP&�4�@�蒈�E7 ��(����fZ�՜2s-'�FQ��o$"�L��l]mT����Ե��c����q:#�ȵ�h���fq~��b��GF�V��Z�Z���e0�p? Social Security and National Insurance Trust (SSNIT) is the government agency tasked with this responsibility. It is a defined benefit scheme and mandatory for workers to have 13.5% contributions made on their behalf. SSNIT also stated that “the Trust is a creature of law emanating from the National Pensions Act, 2008, Act 766 which governs the administration of SSNIT and all other pension schemes in the country”. Dr Ofori-Tenkorang revealed on the business edition of the PM Express on Thursday that some 25% of Ghanaian workers who contribute to the SSNIT scheme make as little as GHS400 Ghana cedis or less. Law - National Pensions (Amendment) Act, 2014 Act 883 AN ACT to amend the National Pensions Act, 2008 (Act 766) to reduce the age for exemption from the first-tier Scheme and to provide for related matters. The Trust is currently the biggest non-bank financial institution in the country. c��J�3���r���s>:N6�����!������%��Y�*j�V�^�O^Oӹ�T�Z��x�!�hL�9(��9�U�[^�l�����(F�f�L��'a����]�u�[����$X�^d݃8]���o�R�(T�fJ�����!Ƹ�*!R�}˜%Fa����8�9�8uL�P��0���?���}� ̒� Over the years, Ghana as a country has shown commitment towards securing the future of workers after retirement through the establishment … ● Tier 2 – the second tier is an occupational pension scheme. Box YK 1356, Kanda, Accra. 2.5% of the 13.5% paid by employer to SSNIT shall be transferred by the Trust to the National Health Insurance Authority. �]Y�U_d�m1����WT�o�I�~A Members of the National Hospitality Association of Ghana (NHAG) have called on the government to negotiate with the Social Security and National Insurance Trust … Make regular contributions on behalf of the workers to SSNIT. /ProcSet [/PDF /Text ] Be alert to your Social Security Responsibilities for a better service from SSNIT. /Length 3178 /Resources << Law - National Pensions (Amendment) Act, 2014 Act 883 AN ACT to amend the National Pensions Act, 2008 (Act 766) to reduce the age for exemption from the first-tier Scheme and to provide for related matters. 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 Pension Scheme and to cater for the first tier of the contributory three-tier scheme ��a����}��6M��9l�H��0o���[����̈́s=��PICt��"i�.��i�6�(�`\k|?�]�c� Deduct 5.5% of the workers salary every month and add 13% of worker’s basic salary to make 18.5%. +233 244 199 527 / +233 247 071 369 info@ghtaxlaws.com Do you want to update your records, have a complaint, question, comment, recommendation or suggestion ? Given the operational challenges under the terms of Act 766 on the accessibility of expatriates to their contributions, the National Pensions (Amendment) Act, 2014 (Act 883) was passed to provide guidance on payment of benefits to expatriates who satisfy SSNIT that they are emigrating or have permanently emigrated from Ghana. 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