THE Hohoe branch of the Social Security and National Insurance Trust (SSNIT) has held a one-day sensitisation seminar on the new pension law, Act 766, at Hohoe in the Volta Region for employers drawn from four districts in the region.
The seminar attracted more than 150 participants from the Hohoe, Jasikan, Kadjebi and Kpando districts.
Addressing the participants, the Hohoe Branch Manager of SSNIT, Mr Richard Setsoafia, said under the three-tier pension scheme(the National Pensions Act, Act 766), self-employed workers could also contribute to one of the schemes and benefit from it when they were old and unable to work.
Mr Setsoafia said the new pension scheme would ensure that every Ghanaian worker, whether in the formal or informal sector, was assured of a bright future.
He said for workers to be covered under the scheme, all employers must first register with SSNIT and have all their workers also registered.
Mr Setsoafia added that all contributions would be based on the new minimum daily wage of GH¢3.11 and, therefore, advised employers to be guided by the guidelines.
He assured workers of prompt payment of their pensions if they provided the right information to any of the SSNIT branch offices.
Mr Setsoafia told them that under the new scheme, workers would have to work for 180 months and not 240 months to qualify for pension payment.
He urged workers to periodically update their records with the SSNIT to be assured of trouble free payment to their survivors.
The resource persons were Messrs David Torkornoo and Alhassan Mahamadu, Kade and Somanya Branch Managers of the SSNIT respectively.
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