Zimbabwe: Mature Schemes Provide Meaningful Pensions

31 January 2012
opinion

The recent debate in the Press over the intended increase in NSSA pension fund contributions has revealed some interesting perceptions and misconceptions about the role of a national social security fund. One major newspaper, in an editorial comment, suggested the original purpose of Zimbabwe's social security pension scheme was to provide "a rock-bottom pension that would keep the previously uninsured person from dying of starvation and would provide useful pocket money at a low price for those on occupational pensions".

That is not how social security schemes are perceived in other countries, particularly those that have had such schemes for many decades. It is not how Zimbabwe's social security scheme was designed.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.