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Social Security and National Insurance Trust Act, 1991 (PNDCL 247)

Act
Ghana Source: GhaLII / SSNIT
LaborSocial SecuritySSNITPension

Summary (Plain English)

Establishes the three-tier pension scheme in Ghana. Tier 1 (SSNIT — mandatory): employer contributes 13%, employee contributes 5.5% of basic salary. Tier 2 (Occupational Pension — mandatory): 5% of basic salary managed by private trustees. Tier 3 (Voluntary): additional personal savings. All employers with 5+ workers must register with SSNIT. Monthly contributions due by 14th of following month.

What This Means For You

  • • Employers must register with SSNIT if they have 5+ employees
  • • Employer contribution: 13% of basic salary (Tier 1)
  • • Employee contribution: 5.5% of basic salary (Tier 1)
  • • Additional 5% goes to Tier 2 (occupational pension)
  • • Late payment attracts penalties

Original Source

https://ghalii.org/legislation/pndcl/1991/247

Content sourced from GhaLII / SSNIT. Always refer to the official document for authoritative text.

Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.