Zimbabwe pension scheme payout increments still not enough: ZCTU

The Zimbabwe Congress of Trade Unions notes that the National Social Security Authority (NSSA) has increased payouts for pensioners and for those under the Workers' Compensation scheme after approval by the Minister of Labour and Social Services. It says that retirement pensions now of $40 still fall far below the expectations of pensioners especially given the fact that at least $500 is needed to cover the barest of necessities per month. The ZCTU had proposed that the pension payouts be increased to at least $100 taking into consideration the fact that most pensioners have no other source of income. Pensioners are being paid pittance by NSSA while the authority invests money in property development. Managers at NSSA drive top of the range vehicles while workers and pensioners, who are the owners of the money they are misusing wallow in abject poverty.  The ZCTU demands that NSSA seriously rethinks on the issue of pension payouts and work out how best workers and pensioners can also benefit from millions of dollars invested in property.