Nssa hikes minimum pension by 33pc

HARARE - Zimbabwe’s State-owned pension fund has increased pensioners’ monthly allowances from $60 to $80.

The National Social Security Authority (Nssa) — with assets worth around $1,1 billion and is one of the biggest investors on the Zimbabwe Stock Exchange — said the board and the Labour minister Priscah Mupfumira had approved the increase in line with a July 2015 resolution.

“I am pleased to report that consistent with this promise, the board approved a 33,33 percent increase in the minimum retirement pension from $60 to $80 per month effective  October 1, 2017,” Nssa said in a statement.

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