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Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. Home Blog Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. This is where the Social Security Policies are explained as a Voters’ Guide. Do the Proposed Policies Address the real challenges of Ghanaian workers and Pensioners? Are the policies implantable within the existing Economic and Legislative Framework and do they meet global best practices? Believe it, it’s a figures-loaded discussion. ACRR has the Institutional Monopoly to discuss the subject. We contribute to the Development of Democracy by Protecting the Social and Economic Rights of the People! ACRR, Informing through Research… Latest News and Events latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above – Forced Retirement latest news ACRR Petitions the National Pension Regulatory...

ACRR Views on ILO Actuarial Valuation Report of SSNIT Home Blog ACRR Views on ILO Actuarial Valuation Report of SSNIT. Media Reporting on scheme sustainability ACRR Participates at the JoyNews National Pension Policy Dialogue Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above– Forced Retirement ACRR Petitions the National Pension Regulatory Authority Pensions in payment projected to go up by at least a fixed rate of 20% in 2023– ACRR Social Protection: Extent of Achievement of UN Sustainable Development Goals in Sub-Saharan Africa Pension Reforms in Sub-Saharan Africa– Impact of Changes in Demography and Economy.  Latest News and Events latest news Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above – Forced Retirement latest news ACRR Petitions the National Pension Regulatory Authority latest news Pensions in payment projected to go up by at least...

Media Reporting on Scheme Sustainability Home Blog https://youtu.be/QiEyjcGMlMs Media Reporting on Scheme Sustainability Media Reporting on Scheme Sustainability Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above – Forced Retirement latest news ACRR Petitions the National Pension Regulatory Authority latest news Pensions in payment projected to go up by at least a fixed rate of 20% in 2023 – ACRR latest news Social Protection: Extent of Achievement of UN Sustainable Development Goals in Sub-Saharan Africa Latest News and Events latest news Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above...

ACRR Participates at the JoyNews National Pension Policy Dialogue Home Blog The Executive Director of the Africa Centre for Retirement Research (ACRR), Professor Abdallah Mashud, has disclosed that as of last year, 2023, approximately 8.1 million Ghanaian workers were not covered by any form of pension scheme.Speaking on Joy News’ AM Show on Tuesday, October 28, 2024, with Benjamin Akakpo, the renowned social security expert described the situation as problematic.He was discussing the 2024 pension manifesto of the two major political parties: the National Democratic Congress (NDC) and the New Patriotic Party (NPP).“The Ministry of Employment and Labour estimated that Ghana has 9.9 million workers, of which 8.1 million are not covered under the social security system. This is problematic,” he said.According to him, most of these uncovered workers are in the country’s informal sector, with women being the most affected. “Most of the uncovered workers can be found in the informal sector, which primarily includes women concentrated in the market,” he added.He noted, “We have less than 15% of persons aged 60 years and above who are receiving pensions from the system. This does not compare favorably to 27% in Africa and 78% worldwide.”Prof. Mashud further emphasised that the situation is “a...

Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above – Forced Retirement Home Blog Think-tank Africa Center for Retirement Research (ACRR) has taken a dig at the Social Security and National Insurance Trust (SSNIT) for its recent policy to disallow 60-year-olds and above from contributing to the scheme.ACRR described the policy as a disaster, calling for its immediate reversal.This was contained in a statement issued by Executive Director Abdallah Mashud on Monday, March 6. Mr Mashud gave seven reasons why the policy is a disaster.“The policy if not reversed will adversely affect the success of the Trust’s effort to extend pension coverage to self-employed workers.“SSNIT as a purely Social Insurance Scheme must consider the policy as one that will considerably affect the retirement wellbeing of thousands of workers, and therefore will require thorough examination and even an amendment to Act 766 for implementation.”Find the statement below:The Social Security and National Insurance Scheme (SSNIT) issued a policy directive in December 2022, titled ‘Discontinuation of Allowing Members Aged 60 and Above to Contribute to the Scheme’.The directive did not detail the actuarial basis of the policy nor its social and financial...

ACRR Petitions the National Pension Regulatory Authority Home Blog ACRR Petitions the National Pension Regulatory Authority Home Blog Latest News and Events latest news Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions from Workers Aged 60 and above – Forced Retirement latest news ACRR Petitions the National Pension Regulatory Authority latest news Pensions in payment projected to go up by at least a fixed rate of 20% in 2023 – ACRR latest news Social Protection: Extent of Achievement of UN Sustainable Development Goals in Sub-Saharan Africa  Latest News and Events latest news Social Security is a Campaign-Winning Issue. The Experts’ View, following Recent Pensioners’ Survey. latest news ACRR Views on ILO Actuarial Valuation Report of SSNIT latest news Media Reporting on scheme sustainability latest news ACRR Participates at the JoyNews National Pension Policy Dialogue latest news Evaluating the Social and Financial Cost of the SSNIT Policy not to Accept Contributions...

January is the most important time of the year for pensioners and their dependents, primarily because it is when the Social Security Administration announces the new rates by which monthly pensions of existing retirees will be increased. The import of indexation is to restore the purchasing power lost by pensioners in the previous year. Pensions in payment are therefore reviewed by applying an inflation-adjusted index. It is therefore expected that SSNIT in consultation with the National Pensions Regulatory Authority (NPRA) will soon announce the new pension indexation rate for 2023. How is the Pension Indexation Provision Applied by SSNIT? Pension indexation (as provided in section 80 of Act 766), as a means of restoring the purchasing power lost by pensioners in the previous year, is largely dependent on the price inflation index. In practice, SSNIT uses consumer price inflation as the main variable for increasing pensions. The Trust, in consultation with the Board of the National Pensions Regulatory Authority, agrees on what is termed as the ‘Overall Rate’ by which pensions will increase for the coming year. The overall indexation rate is based on the analysis of several variables which include in particular the projected increase in the cost of...

Social Protection: Extent of Achievement of UN Sustainable Development Goals in Sub-Saharan Africa