Mr Charles Akwei Garshong, Public Affairs Manager, Social Security and National Insurance Trust (SSNIT), has urged workers to negotiate for a basic income component of their salaries which outweighs their allowances.
Doing so, he said, would enable them to have better pension benefits.
He observed that most employers would prefer paying low basic income and higher allowances to employees to avoid paying higher social security contribution for employees which was calculated on basic income.“If the basic is small, it simply means your pension will be small because when we are calculating your pension, we will not take into consideration the allowances […]
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