SSNIT Raises Pensions by 10% with Boost for Low-Income Retirees
The Social Security and National Insurance Trust (SSNIT) has announced a 10% increase in monthly pensions for 2026, with a special boost for low-income retirees.
Damian Owusu 
The Social Security and National Insurance Trust (SSNIT) has announced a 10% increase in monthly pensions for 2026, with a special boost for low-income retirees. This adjustment, effective January 2026, is designed to protect pensioners against inflation while ensuring equity across income levels.
SSNIT explained that the increment combines a 6% flat adjustment with an additional GH¢91.56 redistribution amount, which significantly benefits pensioners at the lower end of the scale. This means retirees earning modest pensions will see increases far above the standard 10%.
Pensioners on GH¢300 (minimum pension in 2025) will now receive GH¢409, representing a 36.52% increase.
Those earning GH¢500 will move to GH¢621.56, a 24.31% increase.
Pensioners on GH¢2,018 will receive GH¢2,220, a 10% increase.
Higher earners, such as those on GH¢5,000, will now get GH¢5,391.56, a 17.83% increase.
The highest pensioner, previously earning GH¢201,792.37, will now receive GH¢213,991.47, a 6.05% increase.
The adjustment comes at a time when Ghana’s inflation rate stood at 5.4% in December 2025. SSNIT emphasized that the increment was calculated based on salary growth, projected inflation (8 ± 2%), and the long-term sustainability of the Fund. The move will cost SSNIT an additional GH¢616 million, underscoring its commitment to safeguarding retirees’ livelihoods.
The increment was made in consultation with the National Pensions Regulatory Authority (NPRA), in line with Section 80 of the National Pensions Act, 2008 (Act 766), which mandates annual pension reviews. With this adjustment, more than 70% of pensioners will enjoy increases above 10%, ensuring that retirees with lower pensions benefit the most. SSNIT’s approach reflects a deliberate effort to balance fairness with financial sustainability.
