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NSSA Says It Will Increase Pension Payouts By 50%

NSSA Says It Will Increase Pension Payouts By 50%

The National Social Security Authority (NSSA) says it will review pension pay-outs by up to 50 per cent this month.

It also said the pay-outs will be progressively adjusted in the coming months subject to “affordability and sustainability” to cushion pensioners from recent price increases.

NSSA board chairperson Percy Toriro told State media that the company had reviewed pay-outs of its two schemes — the Pension and Other Benefits Scheme (POBS) and the Accident Prevention and Workers Compensation Scheme (APWCS) — with effect from 1 August 2022.

He said a supplementary payroll for August is being processed to cover the difference in payments made earlier. Said Toriro:

Following an actuarial review of our two schemes, we obtained requisite approvals to increase benefits under POBS by 50 per cent, which translates to a minimum retiree pension of $24 000, from $16 000.

Those under APWCS will enjoy a 39 per cent increase, which puts their minimum pension at $30 000, up from $21 600.

Last week, Public Service, Labour and Social Welfare Minister Professor Paul Mavima opened a clinic – which is set to be the first of many – that will offer pensioners free primary healthcare.

More: The Sunday News

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9 Comments

Yvt 1 month ago

Nsaa its short changing the pensioners. Why give out low pensions. Mari ichiitwa misappropriate , that former CEO who was getting us$20000 a month , fofmer minister Priscilla who abused NSSA, A forensic audit has to be made as still NSSA remains a cash cow to those who want to loot. Mari dzirikufanirwa kuitwa invested into profitable businesses kuti once we are pensioners we also get mari inotenga kwete zveizvozvi munhu anopihwa equivalence ye us$20 .


Odesa 1 month ago

Nassa is meant to enrich only those who administer the funds , those who are well connected to the corrupt system of NASSA


MNHANGA 1 month ago

Benzi guru uye mbavha ndiED anokonzera zvose izvi.


Mafirakureva 1 month ago

50% increase????

From US$2 to US$3 🤣🤣🤣🤣


Definitely not 50% 1 month ago

Not 50%

ecoz . 1 month ago

Why is NSSA ill treating the people who made this country great. All what you are is because of these elderly who worked tirelessly for this country to be what it is.


Gwedu 1 month ago

NSSA is the worst institution to ever rob individuals. NSSA is a worst of money and energy haina basa


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Guys 1 month ago

Why do l get 8000 my nassa monthy income .whilst these guys are talking about 16 000


INTERESTED ONLOOKER 1 month ago

Where is the US$70 or its equivalent per month NSSA was harping about. The 50% they are talking about is nothing but a slap in the face of the poor pensioners who worked for this country .


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