SSNIT assures public of their investments

The Social Security and National Insurance Trust (SSNIT) on Tuesday assured contributors, pensioners and the public that their contributions are safe and in optimal investments that aim at promoting the economic development of the nation.

A statement issued by the management of SSNIT and signed by Mr. Kweku Osei Bimpong, Head of Public Relations, said as with any good organisation, SSNIT will continue to adopt measures to improve on its operations and services rendered to its stakeholders.

In an apparent reaction to issues raised by an Accra radio station, which criticised the investment programmes of SSNIT, the statement said SSNIT is concerned about the deliberate attempt to distort facts and discredit the institution.

It said any discussion of SSNIT investments requires ''careful and knowledgeable analysis of the many factors that bear on the initial continued viability of such investments.

"It is inaccurate to link pension benefits levels to SSNIT investment returns. The amount of pension benefits are clearly defined under the Social Security Law 1991, PNDCL 247. The level of pension benefit is directly linked to the salary on which contributions are paid, period of contribution to the scheme and one's retiring age".