By Mavis Paintsil, Accra
The Social Security and National Insurance Trust (SSNIT) has announced a 10% increase in monthly pensions for 2026, aimed at providing greater relief for pensioners on lower incomes.
The adjustment, effective January 1, 2026, will benefit all pensioners on the SSNIT Pension Payroll as of December 31, 2025.
According to SSNIT, the increase comprises a fixed 6% hike and a redistributed amount of GH¢91.56 drawn from the remaining 4%.
The redistribution mechanism is designed to moderate disparities and ensure more meaningful increases for pensioners at the lower end of the scale.
The Trust explained that the 2026 indexation rate was determined after considering salary growth among active contributors, projected average inflation of 8 ± 2% by the end of 2025, and the overall impact on the Fund’s long-term sustainability.
SSNIT Director-General, Kwesi Afreh Biney, emphasized that protecting the value of pensions remains a core responsibility of the Trust.
“What that means is that every pensioner on our payrolls pension payments at least has been covered for inflation,” he said.
The increase will have varying effects on pensioners, with those on the minimum pension of GH¢300 in 2025 now receiving GH¢409 a month, representing an effective increase of 36.52%.
Pennsioners in the GH¢500 bracket will see their pensions rise to GH¢621.56, an effective increase of 24.31%.
Chief Actuary of SSNIT, Evelyn Adjei, explained that the redistribution mechanism is intended to cushion low-earning pensioners amid prevailing economic conditions.
“So if you see, those who are receiving more are receiving less effectively than those who are receiving the minimum pension or the lower bracket pension, and that is to help them get more,” she said.
The 10% increase is expected to cost an additional GH¢616 million.
SSNIT noted that the adjustment is in line with Section 80 of the National Pensions Act, 2008 (Act 766), which mandates the Trust to annually review pensions in payment in line with wage inflation or any other rate determined by the Board of Trustees in consultation with the regulator.
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