What are the key aspects of the SSNIT scheme in Ghana, including its mandate, benefits, and contribution requirements?

Here are the answers to your questions:

1. Which Law mandate SSNIT?

   • A) National Pension Act 2008, Act 766

   • B) National Pension Act 2010, Act 677

   • C) National Pension Act 2010, Act 766

   • D) National Pension Act 2008, Act 776

   • Answer: The Social Security and National Insurance Trust (SSNIT) scheme in Ghana is mandated by the National Pensions Act, 2008 (Act 766).

   • The correct option is A) National Pension Act 2008, Act 766.

2. Benefit of the SSNIT Scheme are

   • A) Old age pension

   • B) Invalidity

   • C) Emigration

   • D) All of the above

   • Answer: The SSNIT scheme provides various benefits, including old age pension, invalidity (disability) benefits, and in certain cases, emigration benefits (refund of contributions).

   • The correct option is D) All of the above.

3. Which of the following category of workers cannot Contribute to SSNIT?

   • A) Self-employed

   • B) Private employee

   • C) Government employee

   • D) None of these

   • Answer: Both private and government employees contribute to SSNIT mandatorily. Self-employed individuals can also contribute voluntarily. Therefore, none of the listed categories are unable to contribute.

   • The correct option is D) None of these.

4. Which of the following Tiers is compulsory and mandatorily manage by only SSNIT?

   • A) Tier 2

   • B) Tier 3

   • C) Tier 1

   • D) None of these

   • Answer: Ghana's three-tier pension scheme designates Tier 1 as the mandatory basic national social security scheme, which is managed solely by SSNIT.

   • The correct option is C) Tier 1.

5. What is the total percentage contribution as a member of SSNIT?

   • A) 13%

   • B) 5.5%

   • C) 18.5%

   • D) 3.5%

   • Answer: The total mandatory contribution to Tier 1 (managed by SSNIT) is 18.5% of the worker's basic salary. This comprises 13% contributed by the employer and 5.5% contributed by the employee.

   • The correct option is C) 18.5%.