Pensioners' benefits increase

The National Social Security Authority (NSSA) will from next month start giving out $800 for funeral enhancement for pensioners with an upward pension payments review set for the second quarter of this year.

In a bid to turnaround the fortunes of NSSA, the Robin Vela led board embarked on a number of structural changes to get a return on investment.

The processes that the board embarked on for the past 20 months seem to be yielding positive results as plans are underway to review upwards pension payments.

Briefing journalists in the capital, NSSA board chairman Mr Robin Vela said his organisation is looking forward to paying an enhanced and sustainable pension with a number of packages available which will deliver value to pensioners.

"The National Building Society has managed to offer mortgage finance for the provision of more than 1000 housing units while more land has been earmarked for NSSA projects," said Mr Vela.

NSSA has embarked on a number of strategies to boost investment within the economy, especially with the possible injecting of US$18 million in Cold Storage Commission for its resuscitation.

This will unlock value in the livestock industry by creation employment opportunities.