Dr Ofori-Tenkorang (middle), Director General of SSNIT in a pose with some students of UEW
Officials of the Social Security
and National Insurance Trust (SSNIT) reached out to students of the University
of Education Winneba (UEW) under its flagship ‘Infoshop’ programme over the
weekend.
The programme, which was held
under the theme, “SSNIT, Your Security for Tomorrow,” was organised in
collaboration with the University Students Association of Ghana (USAG).
Infoshop, which was started in 2018,
has so far covered about 6,000 students in seven tertiary institutions.
It’s aimed at educating tertiary
students on the mandate of SSNIT, social economic impact of SSNIT investments,
as well as benefits the Trust’s pension scheme.
The platform was also used to
register some 500 students who participated in the seventh edition of the
programme.
Addressing participants, the
Director-General of SSNIT, Dr. John Ofori-Tenkorang said old age, invalidity
and death are not far-fetched and that students must start preparing for them
during their working lives.
“Old age is the time when
reality hits you and you find that your major source of income is gone. Your
children would have gone ahead to live their lives and your health begins to
fail you,” he said.
He advised students, who are currently
working to register with the scheme and start contributing early in order to ensure
a secure future.
He explained that the
computation of benefits for retirement is based on the period of contribution and
the highest salary received.
Speaking on the socio-economic
impact of SSNIT investment, the General Manager in charge of Investment, Samuel
Twum, explained that contributions are invested in various sectors of economy to
create employment and interest.
He added that “5.5 per cent is
deducted from the monthly salaries of contributors and added to 13 per cent of
workers’ basic salary to make 18.5 per cent out of which employers are to remit
13. 8 per cent.”
The Dean of the School of
Creative Arts, Dr Patrique deGraft Yankson, who chaired the event, commended
SSNIT for the initiative.
He said the programme would help debunk the misconceptions about the pension scheme.
By Issah Mohammed
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