DO PUBLIC WORKERS KNOW HOW PENSION CONTRIBUTIONS WORK?

By Agnes Francess Fynn Ocran

Public school teacher, Mr. Nicolas Adu Boahene said in an interview with UniMAC-IJ student, who is also a member of the SSNIT Civic Voice that 17% of his salary is deducted on a monthly basis to settle his SSNIT contribution.

He said this after he was asked the percentage of his salary taken to settle his SSNIT contribution. 

This is untrue because 13.5% of his salary is deducted, and not the 17%. 

His statement proves that some public sector worker don't know the exact amount taken for their SSNIT contribution.

If workers don't know the percentage of their salary taken to settle SSNIT, it will be easy for them to jump to conclusions in case of any irregularities.

However, after Mr. Adu Boahene was told by a member of SSNIT Civic Voice that the percentage taken is 13.5%, he suggested that the National Pensions Regulatory Authority and SSNIT should educate SSNIT contributors on the amount deducted and how to check for any irregularities.

Also, there should be more on grounds engagement and one-on-one interactions with contributors to educate and enlighten them on the systems of SSNIT.

Public school teacher, Mr. Nicolas Adu Boahene also had no idea about Tier 3, which he can pay for himself and urged that the engagements be taken seriously so to educate people with little knowledge on how pension contributions work.