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*80 Percent Of Workers Being Condemned To Poverty In Retirement, Companies Not Remitting Pensions: Ipec* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?nn The Insurance and Pensions Commission (Ipec) has warned that 80 percent of Zimbabwean workers are being condemned to poverty upon retirement. Ipec blamed companies for not remitting pension contributions. Speaking at the Zimbabwe Association of Pension Funds (ZAPF) annual congress, Ipec Head of pensions Josphat Kakwere said, > As we seek to reposition the industry, let’s avoid the current scenario where old age has been transformed to old poverty. Pension should be sustainable, affordable and relevant…There are about 1.23 million active contributors under the National Social Security Authority and about 80 percent of the working class when they get to retirement they will be condemned to old age poverty because of lack of remitting by companies, and corruption. More: New Zimbabwe ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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