Which public institution administers the mandatory national pension scheme for formal and informal sector workers in Ghana?
Answer and explanation
Correct answer: C. The Social Security and National Insurance Trust (SSNIT)
- Step 1: SSNIT was established under NRCD 127 in 1972 and operates the first tier mandatory basic national social security scheme. Step 2. It provides retirement, invalidity, and survivors' pensions. Answer: The Social Security and National Insurance Trust (SSNIT). Why not the others: NPRA regulates all pension schemes; CAGD disburses government payroll; NHIA runs national health insurance.
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