— Advertisement -The Social Protection and National Insurance Rely on (SSNIT) wants more consultation services with the government and work unions about raising the particular retirement age from 60 in order to 65 years old. With huge liabilities on the Trust’s stability sheet, Dr John Ofori-Tenkorang, Director-General of SSNIT, feels that reviewing the retirement, as is done in the United States, may not only relieve the Trust’s burden but would can also increase contributions. According to Dr Ofori-Tenkorang, hit outfit pays pensions for contributions as outdated as 100 years, and thus increasing the retirement age to sixty-five years must be carefully regarded as. “After 75 years, we will keep paying you till the Lord calls you house. ” So , in theory, SSNIT can continue to pay until you achieve the age of 101. As individuals live longer lives, the particular liability that SSNIT presumes grows enormously. ”He feels that advances in healthcare technology are extending people’s lives, adding that “people are becoming health conscious plus taking care of themselves, and people reside longer. ”“The question after that becomes whether we should permit people to contribute a little bit more simply by gradually shifting the retirement. ” “In other nations, such as the United States, you do not get social security till you’re 65, ” the particular SSNIT chief alluded. Obtain Ghana Latest News within your inbox each morning. Subscribe