%���� 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"�$�D�Z�(̚ x�\�{W#1[[�����0�v�����g]��4y����'�' ��bDa��9,ޭal�/�2���,: (for biometric registration) All required is your bio data. �`Qؼ�o+jN�v��̏�K50���W�*�y.��Ik��i�^0�ƳVo�m�p�,���y�k�3�,��k���fq�Xd����n(��]�fa��`Q�����lc�п%��%���vC��|4J\X.�`a������6k�~�Ʌ�&�h=�Na�Kv��m��.eyXn�W���}� �Έ��� ��Dd���}1�t_*XP&�4�@�蒈�E7 ��(����fZ�՜2s-'�FQ��o$"�L��l]mT����Ե��c����q:#�ȵ�h���fq~��b��GF�V��Z�Z���e0�p? That is where the Social Security and National Insurance Trust (SSNIT) comes in. /Font << << Exclusions: Self-employed persons. 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 contribution is managed by SSNIT. 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. About SSNIT. �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`$� ���A5�a��/ ����J|��X�4��5�^�Լ^����z�˅����OaP8ҿ٪���9o t�^�H6��Q�4���["�w�1�Y|b�p��qt�7:�*��+�[3O� Walk into any SSNIT office to get registered. Top 13 Law Schools In Ghana; Top 7 Accredited Medical Schools In Ghana [2020/2021] [2020] Top 10 Physician Assistant Colleges And Universities In Ghana OF THE PARLIAMENT OF THE REPUBLIC OF GHANA ENTITLED NATIONAL PENSIONS ACT, 2008 ... establishment of a Social Security and National Insurance Trust to manage the basic national social security scheme to cater for the first tier of the contributory three … c��J�3���r���s>:N6�����!������%��Y�*j�V�^�O^Oӹ�T�Z��x�!�hL�9(��9�U�[^�l�����(F�f�L��'a����]�u�[����$X�^d݃8]���o�R�(T�fJ�����!Ƹ�*!R�}˜%Fa����8�9�8uL�P��0���?���}� The scheme is also optional for the selfemployed. Social Security and National Insurance Trust (SSNIT) is a Public Pension located in Accra Ghana, Africa. >> The Social Security and National Insurance Trust (SSNIT) manages the Tier 1 scheme. 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. Exclusions: Military and police personnel. Over the years, Ghana as a country has shown commitment towards securing the future of workers after retirement through the establishment … Its mandate is to cater for the First Tier of the Three-Tier Pension Scheme. +233 244 199 527 / +233 247 071 369 info@ghtaxlaws.com -�30E*X�H Ķh��]��u �%�j�=�4`��VیK� 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. 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. 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���- ● Tier 2 – the second tier is an occupational pension scheme. It is a defined benefit scheme and mandatory for workers to have 13.5% contributions made on their behalf. Employer liability (cash maternity benefit):Employed persons, including public-sector employees not covered by a special system. It is a defined contribution scheme. How do Pensions and Social Security work 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. /Length 3178 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. 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. SSNIT is a government established public trust to process and manage the pension scheme of workers and employers in Ghana. 2.5% of the 13.5% paid by employer to SSNIT shall be transferred by the Trust to the National Health Insurance Authority. /Contents 4 0 R Special systems for certain civil serv… What are the employer's obligation under Act 766? Out of the 18.5% the employer is to remit 13.5% to the Trust within 14 days of the ensuing month. ��a����}��6M��9l�H��0o���[����̈́s=��PICt��"i�.��i�6�(�`\k|?�]�c� 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”. 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. Deduct 5.5% of the workers salary every month and add 13% of worker’s basic salary to make 18.5%. Be alert to your Social Security Responsibilities for a better service from SSNIT. The Trust is currently the biggest non-bank financial institution in the country. Social Security and National Insurance Trust (SSNIT) is the government agency tasked with this responsibility. 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. What are the employer’s obligation under Act 766? Membership of the SSNIT Scheme is open to all workers in Ghana except officers and men of the Ghana Armed Forces and any other person who is expressly exempted by law. /F5 18 0 R 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. Box YK 1356, Kanda, Accra. Social insurance (medical benefits):Residents of Ghana. Out of the 18.5% the employer is to remit 13.5% to the Trust … Part VI of the Labour Act ensures protection of working women and Part V protects workers with disabilities. 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 Ensure all employees are registered under the Scheme. 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. 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 /F1 6 0 R Contribution reports must be submitted by the end of the month whether contributions are remitted to the Trust or not. /ProcSet [/PDF /Text ] %PDF-1.4 >> ● Tier 1 – the first tier is the Basic National Social Security Scheme for all workers in Ghana. << 4 0 obj 25% of pension contributors in Ghana on salaries of GH₵400 or less – SSNIT ... Facebook Twitter WhatsApp LinkedIn. ̒� The First Tier is the Basic National Social Security Scheme for all workers in Ghana. 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. 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. On 31st December, 2014, Act 883, the National Pensions (Amendment) Act, passed by the Parliament of Ghana came into force. /Parent 2 0 R /F4 15 0 R 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. [!����'��Ea� ��� ��I�%�w�g]g�{7ɹQ�c㱰�я0_� ��(��"c}? 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. P. O. stream Contact center. �O���o�7`�gb`c pY��l���Nab��I �M�������9��c��3��Z�)H+ 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. >> endobj /Resources << Deduct 5.5% of the workers salary every month and add 13% of worker’s basic salary to make 18.5%. Obligations of Workers and Employers >> /F6 21 0 R �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. �]Y�U_d�m1����WT�o�I�~A Section 68 specifies that every worker shall receive equal pay for equal work without distinction of any kind. Current Assets for SSNIT is $2,060,020,000 and SWFI has 2 periods of historical assets, 7 personal contacts available for CSV Export. Provide your details below. However, the tax laws require the local entity to file a Director’s return on their behalf annually. 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. Such a director will not be deemed as resident for tax purposes in Ghana. /Filter /FlateDecode 3 0 obj SSNIT Registration in Ghana has been simplified to make sure many people are incorporated into the SSNIT to secure their retirement earnings. “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. /MediaBox [0 0 612 792] Its mandate is to cater for the First Tier of the Three-Tier Pension Scheme. 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 … Make regular contributions on behalf of the workers to SSNIT. 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 … It takes about 15 minutes. /Type /Page Do you want to update your records, have a complaint, question, comment, recommendation or suggestion ? /F3 12 0 R 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. Section 46 offers special incentives for the employment of persons with disabilities, and section 53 places special emphasis in training and retr… /F2 9 0 R If your answer to any of the questions above is NO, then kindly contact the nearest SSNIT Branch for advice and remedial action. 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