The Social Security and National Insurance Trust (SSNIT), has declared a major 10% upward adjustment to monthly pensions effective January 2026.
This increase is designed to substantially enhance the livelihoods of retirees.
All pensioners on the SSNIT payroll as of December 31, 2025, will benefit from an average 10% rise in their monthly benefits.
Notably, this indexation rate nearly doubles the December 2024 inflation figure of 5.4%, a move SSNIT says is a direct investment in preserving pensioners’ purchasing power.
“The current indexation is higher than the recent inflation rate. What that means is that every pensioner on the payroll has been covered by inflation,” stated SSNIT Director-General Kwesi Afreh Biney.
He emphasized the Trust’s unwavering commitment to retiree welfare during a briefing in Accra today.
The 2026 adjustment, approved in consultation with the National Pensions Regulatory Authority (NPRA) as mandated by law, was calculated using key variables.
These include the projected average inflation of 8% +/- 2% for 2025, salary trends of active contributors, and the critical need to ensure the long-term sustainability of the Pension Fund.
In a significant push for equity, SSNIT simultaneously announced a 36% jump in the minimum monthly pension, from GH¢300 to GH¢400.
This change will directly benefit 2,964 existing pensioners, with the minimum pension for current retirees rising to GH¢409.56.
“This is testament to our commitment to ensure that those at the lower end are as protected as possible, while ensuring sustainability,” Mr. Afreh Biney noted, highlighting the scheme’s focus on equitable support.
The upward adjustment will see the highest-earning SSNIT pensioner receive GH¢213,991.47 monthly in 2026. Overall, SSNIT projects total pension payments for the year will exceed GH¢7 billion, with monthly payouts topping GH¢580 million.
SSNIT also confirmed that individual increases will vary. While higher-earning pensioners will see adjustments closer to the 10% average, lower-income retirees will gain more from the combined effect of the flat-rate increase and the elevated minimum pension floor.
Demonstrating continued growth, the Trust unveiled plans to expand its active membership by over 200,000 contributors by 2026, underscoring the scheme’s ongoing viability and reach.
