The Social Security and National Insurance Trust (SSNIT) says it cannot heed to a call by ex-president John Mahama to advance monies to contributors to ease the hardship brought upon them by the coronavirus.
Mr Mahama had made that proposal during his maiden digital conversation with Ghanaians, suggesting the insurance pension scheme was instituted not only to cater for old age but rather difficult times such as the world finds itself.
“Social security contributions are essentially an insurance scheme made not just for pensions in old age before we die. They are also made to help contributors in times of adversities such as this.
Not all will come out and queue for food, but as has been done in other countries like St. Lucia, I think a token payment to all contributors of a certain token sum over three months would have afforded many the assurance of feeding their families during this abnormal times,” the ex-president said.
But in a sharp rebuttal, SSNIT in a statement sighted by UPSANEWSROOM.com Friday says it cannot do what Mr Mahama is suggesting.
“The benefits His Excellency is suggesting that we pay do not exist in law. To do so will constitute an illegality and a contravention of the provisions of the National Pensions Act, 2008, Act 766,” the Trust said.
Acknowledging that the Trust is a creature of law emanating from the National Pensions Act, 2008, Act 766, SSNIT said although Mr Mahama’s suggestion was made in good faith it is impossible to engage in such illegality.