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%. 3 done, 2 left today. You're making progress.