The Social Security and National Insurance Trust (SSNIT) has announced a 12% increase in monthly pensions for 2025, aiming to cushion pensioners and improve their standard of living.The increment, which takes effect from January 2025, was approved in consultation with the National Pensions Regulatory Authority (NPRA) as mandated by Section 80 of the National Pensions Act, 2008 (Act 766).

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According to SSNIT, pensioners on its payroll as of December 31, 2024, will receive a composite increment consisting of a fixed 8% increase along with a flat amount of GH¢72.58, representing the balance of the 4% distributed to provide greater support for lower-earning pensioners.

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A statement from SSNIT explained: “Redistribution is a mechanism applied to the indexation rate to cushion low-earning pensioners in conformity with the solidarity principle of social security. As a result, pensioners will have an effective increment between 32.19% at the bottom end and 8.04% at the top end. Redistribution ensures that the minimum monthly pension of GH¢300 in 2024 will increase to GH¢396.

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58 in 2025, an effective increase of 32.19%.”For the highest-earning SSNIT pensioner under PNDC Law 247, their monthly payment will rise to GH¢201,792.37 in 2025, reflecting an 8.04% increase.The average monthly pension, on the other hand, will rise from GH¢1,776.81 in 2024 to GH¢1,990.03 in 2025.SSNIT further disclosed that approximately 63% of pensioners, particularly those receiving GH¢1,814.

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50 or less monthly, will experience increases ranging from 12% to 32.19%.Pension payments continue to be made on the third Thursday of every month.<img src="

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