NSSA increases pensions

HARARE - Following an outcry from the public, the National Social Security Authority (NSSA) finally gave in as it recently increased its pension payouts to between 50 and 90 per cent.

The increase comes at a time when pensions were low, owing to the current formula used to determine pensioners’ earnings under the two schemes-the national pension Scheme (NPS) and Workers’ Compensation Insurance scheme (WCIF).

According to NSSA general manager James Matiza, “The NPS, for those who retired prior to the multi-currency era, increased from US$25 to US$40 per month. Survivors and Invalidity Pensions were increased from US$10 to US$15 per month. The WICF, minimum work injury pensions would be increased from US$15 to US$30 per month with children allowances set at a minimum of US$10 per month.” He added that the Funeral Grant remained unchanged at US$200.

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