The Social Security and National Insurance Trust (SSNIT) has paid a total of GHS521.96 million to over 257,000 pensioners for July 2025.

In a Facebook post, the Trust noted that the disbursement forms part of its commitment to ensuring the timely payment of pensions to retirees under the national scheme. Pensioners are expected to receive their next payment on August 21.

Earlier this year, SSNIT announced a 12% adjustment in pensions for 2025, starting in January, with payments scheduled for the third Thursday of every month.

This revision was made in coordination with the National Pensions Regulatory Authority (NPRA) and complies with Section 80 of the National Pensions Act, 2008 (Act 766).

As per SSNIT, all retirees receiving benefits as of December 31, 2024, will see an average increase of 12% in their monthly payments.

The adjustment includes a fixed increment of 8% along with an additional GH¢72.58, which accounts for 4% redistributed to assist lower-income pensioners.

“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¢396.58 in 2025, an effective increase of 32.19%,” a statement from SSNIT said.

This redistribution policy aims to provide extra relief for pensioners with lower earnings, following the social security solidarity principle.

Consequently, those receiving the least will experience a 32.19% boost, while those at the highest level will see an 8.04% rise.

With this revision, the minimum monthly pension will increase from GH¢300 in 2024 to GH¢396.58 in 2025. For retirees under PNDC Law 247, the highest monthly benefit will now stand at GH¢201,792.37, marking an 8.04% growth.

Meanwhile, the average pension will move from GH¢1,776.81 in 2024 to GH¢1,990.03 in 2025. SSNIT further disclosed that 63% of pensioners, particularly those earning GH¢1,814.50 or less per month, will benefit from increases ranging from 12% to 32.19%, ensuring their income keeps pace with inflation

SSNIT is set to launch a fully digital virtual branch by the end of September. This is to improve compliance, enhance service delivery, and deepen engagement with contributors.

The virtual branch will operate through multiple digital platforms, including phone, USSD, and internet, and will feature real-time staffing to offer uninterrupted, 24/7 support to employers and contributors.

“We are confident that by the end of September this year, a fully digital virtual branch will be available for members to engage,” said Kwasi Afreh Biney, Director-General of SSNIT, during the 2025 Employers’ Breakfast Meeting. “It will sit at the head office, but because it’s virtual, you can dial in from anywhere. We will be there to serve you 24/7.”