SSNIT Urges Timely Payment of Workers’ Contributions to Safeguard Scheme Sustainability
Thursday, 8 August 2024, 18:46
Concerns Over SSNIT's Financial Sustainability
The Social Security and National Insurance Trust (SSNIT) has highlighted serious issues impacting its financial viability.
Disbursement vs. Contributions
SSNIT warns that the rise in benefit disbursements is outpacing growth in contribution collections, raising alarms about the long-term sustainability of the trust.
Call to Action
- SSNIT is advocating for the government to ensure prompt payments.
- This is essential to maintain the trust’s health and support the current beneficiaries.
In conclusion, timely interventions are crucial to bolster the financial stability of the SSNIT scheme, ensuring that it can continue to meet the needs of its beneficiaries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.