The Social Security and National Insurance Trust (SSNIT) has this yr deleted from its payroll the names of some 22,920 pensioners, aged 72 and above, who failed to finish or renew their pensioner certificates as of August 31, 2021.
Per the Trust, the deactivation train – a mechanism put in place by the Trust to make sure that pension is paid to solely retirees who’re alive – has saved it about GH¢16.24 million in pension funds in September 2021.
Pensioner certificates are issued to pensioners aged 72 who retired underneath PNDCL 247 and 75 years for many who retired underneath Act 766 and are renewed yearly.
At the beginning of 2021, the Trust indicated it had saved about GH¢144 million from the deactivation of accounts of some 11,478 pensioners since 2018. Since 2018, the Trust has, on a month-to-month foundation, been deleting the names of pensioners aged 72 and above who fail to finish or renew their Pensioner Certificates. This was, nonetheless, halted in March 2020 as a result of coronavirus pandemic.
This train is supposed to make sure that pensions are paid to the suitable individuals. However, in instances the place an account is deactivated, the Trust will reactivate such account when the pensioner renews their certificates.