May 2017

Zimbabwe. NSSA pensions to increase

Government is set to increase pensioners' benefits from the National Social Security Authority (NSSA) once the ongoing actuarial evaluation exercise is complete, a Cabinet Minister has revealed. Public Service, Labour and Social Welfare Minister, Prisca Mupfumira, said this during the National Assembly question and answer session yesterday. "At the moment, there is an actuarial evaluation going on that will determine the level of increment," she said. Full Content: Chronicle Remember to subscribe to our free weekly newsletter for more news or subscribe to...

Zimbabwe. IPEC drafts law to deal with pension funds trustees

The Insurance and Pension Commission has completed draft regulations that empower it to deal with errant trustees of pension funds, an official said. Commissioner Tendai Karonga said IPEC had observed several poor cooperate governance practices, prompting the commission to come up with tight controls. The draft regulations have already been submitted to the Ministry of Finance for approval. "We are in the process of developing new procedures to control the unacceptable behaviour by some of the trustees," said Mr Karonga "Basically it...