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*NSSA Says It Will Increase Pension Payouts By 50%*

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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.

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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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