Social Security and National Insurance Trust (SSNIT) is a statutory body established by an Act of Parliament to administer the National Pension Scheme in Ghana.
The Scheme provides social security protection to workers in the form of old age pensions, invalidity pensions, survivors’ pensions, and industrial injuries benefits.
As a member of the Scheme, you may have questions about your contributions, benefits, and the possibility of withdrawals.
Can a member withdraw part of their contributions?
No, a member cannot withdraw part of their contributions. The contributions made to the Scheme are kept in a special fund to provide benefits to members and their dependents when they need it the most. The Scheme does not allow for the partial withdrawal of contributions.
Can a member withdraw their contributions if they resign from their job?
Yes, a member who resigns from their job may withdraw their contributions. However, it is important to note that the member will not be entitled to receive any benefits from the Scheme.
What happens to a member’s contributions if they die?
If a member dies, their contributions will be paid to their nominated beneficiaries. If the member did not nominate any beneficiaries, the contributions will be paid to their estate.
What are the benefits guaranteed under the scheme?
The benefits guaranteed under the scheme include old age pensions, invalidity pensions, survivors’ pensions, and industrial injuries benefits. The amount of benefits a member is entitled to receive depends on the contributions made and the period of membership in the Scheme.
What happens if a member becomes invalid?
If a member becomes invalid, they may be entitled to receive an invalidity pension. The amount of the pension will depend on the contributions made and the period of membership in the Scheme.
How does a member apply for benefits under the scheme?
A member can apply for benefits under the scheme by submitting a written application to SSNIT. The application should include all relevant supporting documents, such as proof of invalidity, death certificate, and a completed benefit claim form.
In conclusion, the Social Security and National Insurance Trust (SSNIT) plays a crucial role in providing social security protection to workers in Ghana. By understanding the withdrawals, contributions, and benefits guaranteed under the scheme, you can make informed decisions about your future and the future of your dependents.
Source: Mckpage.com
