HEADMASTER ADVOCATES FOR SSNIT INVESTMENT

 By Edith Agyei Benkyi

Headmaster of Bannart Public School, Mr. Baffour Acheampong, emphasized the importance of investing in the Social Security and National Insurance Trust (SSNIT). According to him, SSNIT provides a lifetime investment opportunity that ensures financial security during retirement.

The headmaster praised SSNIT's transparency, noting that contributors can track their contributions via email updates. He also highlighted the benefits of the scheme, where contributors pay 5% of their salary, while employers contribute 13.5%.

However, the headmaster suggested that SSNIT should improve its IT infrastructure for easier accessibility. He also proposed that the 60-year threshold for pension fund reclaiming is too far and recommended that contributors should be allowed to access some funds at age 50.

In conclusion, the headmaster urged SSNIT contributors to inform their beneficiaries about their pension investments, ensuring a smooth reclaiming process in case of unforeseen circumstances.


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