A/R: SSNIT, TUC Encourage Informal Sector Workers To Embrace Pension Benefits.

In a concerted effort to enhance financial security for workers in Ghana’s informal sector, the Social Security and National Insurance Trust (SSNIT) has embarked on a vigorous campaign to educate and encourage individuals in this sector to participate in the pension scheme.

This initiative, spearheaded by SSNIT and supported by the Trade Union Congress (TUC), aims to debunk misconceptions that only government salaried employees can benefit from the pension system.

The Director-General of SSNIT, Dr. John Ofori-Tenkorang, emphasized that the pension scheme is not exclusive to government employees but is open to all citizens who wish to contribute to the trust.

Addressing stakeholders, particularly members of the TUC in Kumasi, he dispelled the misconception that only salaried government workers are eligible beneficiaries of the scheme.

“One of the key highlights of this initiative is the substantial number of self-employed individuals who have already registered with SSNIT.

“Approximately 57,000 self-employed individuals have recognized the importance of contributing to their future financial security.

“The introduction of the self-employed Enrolment Drive (SEED) and a subsequent public awareness campaign have resulted in an additional 14,000 self-employed individuals enrolling with SSNIT,” he said.

Dr. Ofori-Tenkorang stressed that anyone, whether working in the formal or informal sector to meet their daily needs, can enjoy a paid pension during their golden years, provided they actively contribute to the SSNIT scheme.

“This outreach has not only targeted traditional sectors but also various segments of the informal sector, including participants from the Ghana Private Road Transport Union, traders, fashion designers, dressmakers, caterers, farmers, artisans, and tailors,” he added.

This vital initiative is a result of collaboration between SSNIT and the TUC, which recognized the importance of extending pension benefits to all workers, not just those with regular government salaries.

Dr. Ofori-Tenkorang highlighted that government workers have benefited from the scheme due to their organization and consistent salaries.

However, out of Ghana’s population of approximately 34 million people, only a mere 708,731 individuals, representing 36% of the formal sector, currently contribute to SSNIT.

The overarching message here is clear: the SSNIT pension scheme is for everyone.

The collaborative efforts of SSNIT and TUC to educate and enroll informal sector workers into the pension scheme mark a significant stride towards providing financial security for a broader section of Ghana’s workforce.

By dispelling misconceptions and actively promoting pension benefits for all, this initiative is not only securing individual retirements but also contributing to the overall economic stability of the nation.

It is a testament to the power of collaboration and education in building a more secure financial future for all citizens.

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