Nssa misses execs appointment deadline

HARARE - State-run pensions administrator, National Social Security Authority (Nssa), has missed its April 30 deadline to appoint substantive top management.

In October last year, the institution embarked on a major management shake-up, which saw the departure of general manager James Matiza and four others.

Matiza was immediately replaced by Hashmon Matemera, in an acting capacity.

Nssa chairman Robin Vela said although the retrenchment of the former senior managers had now been completed, their successors were yet to be announced.

“ . . . new senior management has been identified after an exhaustive process and appointments will be announced in due course,” he said in Nssa’s first quarter update released on Friday last week.

This comes as the authority’s board extended all acting appointments after initially announcing that they were not going beyond March 31, 2016 “under any circumstances”.

“It is anticipated that the board will be able to report on the updated position regarding the appointment of substantive management together with Nssa’s Q1 (first quarter) 2016 formal report on or before April 30, 2016,” the authority had said in a board statement issued on April 4.

In the update, Vela said appointment of a new substantive management team was “imminent,” without committing to a time-frame of when the new bosses were to be announced.

“A formal announcement of the new incumbents will be made in due course following compliance with the Nssa Act,” he said.

The Nssa boss said payment of benefits to former management was now being made after verification processes, adding this had cut the authority’s monthly benefits liability.

“Retrenchment agreements with the five former senior managers of Nssa have now been concluded after all approvals were obtained.”

“Assets of Nssa held by the managers have been returned to the authority and/or purchased at agreed prices reflective of the market values of such assets. All but one of the managers remained indebted to Nssa but secured acceptable agreements on the settlement of their dues to Nssa,” the Nssa chairman said.

 

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