The Social Security and National Insurance Trust (SSNIT) has refuted claims suggesting it will face challenges paying benefits by 2036 due to reserve depletion.

A recent International Labour Organisation (ILO) report indicated that SSNIT reserves might dwindle to zero by 2036, potentially impacting its ability to meet future financial commitments to beneficiaries.

However, SSNIT countered these assertions, stating it currently receives contributions and possesses adequate funds to cover accruing benefits for members. 

It clarified that pension payments are funded through contributions and returns from investments, not reserves.

SSNIT highlighted steady growth in contributions, supported by demographics and efforts to expand membership. Additionally, it affirmed the government's timely payment of contributions on behalf of workers, with arrangements in place to address outstanding payments.

Emphasising its record of never missing a pension payment since 1991, SSNIT assured members and the public of its commitment to prudently manage the Fund to fulfill benefit payment obligations beyond 2036.

With May Day approaching, SSNIT extended well wishes to pensioners and workers in Ghana, reaffirming its dedication to delivering on promises