SSNIT Increases Monthly Pensions Payment by 12% for 2025
The Social Security and National Insurance Trust (SSNIT) has announced a 12% increase in monthly pensions for 2025, following consultations with the National Pensions Regulatory Authority (NPRA) and in accordance with Section 80 of the National Pensions Act, 2008 (Act 766).
The increment, effective January 2025, applies to all pensioners on SSNIT’s payroll as of December 31, 2024. The adjustment comprises an 8% fixed rate and an additional flat amount of GH¢72.58, representing a redistribution of the remaining 4% to cushion low-earning pensioners.
According to SSNIT, the effective increment will range from 32.19% for low-income pensioners to 8.04% for higher earners. This redistribution mechanism aligns with the solidarity principle of social security, ensuring that the minimum monthly pension of GH¢300 in 2024 rises to GH¢396.58 in 2025.
The highest-earning pensioner under PNDC Law 247 will receive GH¢201,792.37 per month in 2025, reflecting an 8.04% increase. Meanwhile, the average monthly pension will rise from GH¢1,776.81 in 2024 to GH¢1,990.03 in 2025.
SSNIT noted that approximately 63% of pensioners – those earning GH¢1,814.50 or less monthly – will benefit from effective increases between 12% and 32.19%.
The 12% increase in monthly pensions is aimed at helping pensioners maintain their standard of living. Pension payments will continue to be made on the third Thursday of every month.
