April 2024
02Apr

Rwanda. Retirees’ body appeals for matching pension with cost of living

Pension should be matched with the cost of living to address situations such as when retirees’ welfare deteriorates due to increases in prices at the market, and franc depreciation, the president of Rwanda Pensioners’ Association, Dorothée Uwimana, told The New Times on April 1. She was referring to the fact that some retirees get as low as Rwf20,000 in pension benefits – with Rwf13,000 as the smallest pension – per month, which she said was too little to help...

April 2, 2024
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February 2021
22Feb

Rwanda: ‘Rising Cost of Living’ Worries Pensioners

Pensioners have appealed for a rise in pension benefits, citing the rising cost of living. Dorothée Uwimana, the President of the Rwanda Pensioners' Association, told The New Times that the benefits they receive are not adequately adjusted for inflation and the cost of living in general. For instance, she explained that food prices have been rising steadily while pension benefits continued to be calculated based on the salaries that retirees used to earn many years This, Uwimana said, particularly hurts retirees who...

February 22, 2021
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December 2020

03Dec

An Assessment of Affordability and Impact of a Social Old Age Pension in Rwanda

By Jean Bosco Mbarute In low-income countries and middle-income countries, the coverage of contributory pension scheme is low and even stagnant. At the same time, older people are less able to rely on family and community support as a result of growing urbanization and migration. Then low-income workers and the poor simply cannot save enough to prepare for their old age. As a remedy, many countries are considering or have already implemented various forms of retirement income transfers aiming...

December 3, 2020
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February 2020

06Feb

Ageing and the Elderly in Rwanda – The Missing Voice

By Francis Davis In June the Commonwealth Heads of Government (CHOGM) will meet in Kigali the capital of Rwanda . They have chosen ‘youth’ as their theme. Despite its ferocity the Rwandan genocide remains a closed book to many outside central and East Africa. While the UN dithered and major global newspapers failed to despatch reporters to cover the carnage, 800,000 people were murdered - often by hand - in a few short months. Many in London,...

February 6, 2020
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December 2018

18Dec

Rwanda launches Africa’s first universal digital pension scheme for the mass market

On Friday the 14th December 2018, His Excellency, Paul Kagame, President of the Republic of Rwanda launched the Long Term Savings Scheme named Ejo Heza (Kinyarwanda meaning for “Brighter Future”) during the 16th National Umushyikirano Council (the National Dialogue). The launch was attended by over 2,000 participants that included members of the Cabinet and Parliament, representatives of the Rwandan community abroad, local government, Civil Society Organizations, media and the diplomatic community. The Ejo Heza Scheme offers opportunity and incentives...

December 18, 2018
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October 2017

04Oct

Rwanda. Your pension will never be enough

An important consideration in planning for retirement is the level of income you will need and where the income will come from. Most people have unrealistic expectations as to the level of pension they will receive in retirement. This explains why in Rwanda today many mumble at the benefits paid by Rwanda Social Security Board. The RSSB pension arrangement is defined benefit and you can know at onset the level of pension benefits you may receive at any time should...

October 4, 2017
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