The executive Business Manager at Cal Asset Management Company Ltd, Anita Nadia Attah, has advised young people to seek out additional investments to complement their Social Security and National Insurance Trust (SSNIT) payments, in order to secure their future during retirement.
Anita Nadia Attah’s advice comes at a time when the SSNIT scheme is coming under a lot of scrutiny from several Ghanaians on social media, who have criticized the scheme for not paying out enough money to retirees.
Speaking during a webinar this Wednesday, Anita Nadia Attah cautioned Ghanaians on the dangers of solely relying on SNNIT contribution for their pension; “SSNIT is there to provide a monthly pension compensation, it should not be the only investment for your pension…”, she said.
The executive Business Manager explained that while it is laudable to invest in pensions with SSNIT, it is becoming more and more apparent that SSNIT payments during pensions are becoming insufficient to cater for the needs of pensioners in their inactive years.
To be able to live comfortably while on pension, she advised active employees to find additional alternatives to invest in, towards their pensions.
For people who do not earn monthly salaries, the fund manager recommended putting aside a percentage of their annual profits, to be put in a pension investment account.
