Zimbabwe: NSSA Awards Pensioners Bonus

31 March 2020

The National Social Security Authority (NSSA) has awarded pensioners a discretionary bonus equivalent to a month's pension, which will be paid together with the April disbursements.

In a statement yesterday, acting NSSA general manager Mr Arthur Manase said: "The National Social Security Authority in consultation with the Minister of Public Service, Labour and Social Welfare Professor Paul Mavima, has awarded NSSA pensioners once off discretionary bonus equivalent to a month's pension to cushion NSSA pensioners from the general increase in the cost of living.

"The bonus will be paid together with the April pension disbursements. The decision was taken as a stop-gap measure while the authority is working on a periodic actuarial review.

The actuarial valuation will guide the authority in determining the level of benefits reviews, considering the long term sustainability of its schemes."

The discretionary bonus comes five months after NSSA increased the minimum monthly pension from $80 to $200 for the pension and other benefits scheme and the minimum workers' pension from $80 to $240 for the accident prevention and workers' compensation scheme.

See What Everyone is Watching

More From: The Herald

Don't Miss

AllAfrica publishes around 800 reports a day from more than 140 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.