News / National
Mugabe swears in pensions commission
20 Aug 2015 at 15:26hrs | Views
President Robert Mugabe has sworn in an eight-member Commission of Inquiry into the Conversion of Pensions and Insurance benefits from the Zimbabwean dollar to the United States dollars.
The commission will ensure the process is done in a transparent manner.
The commission is chaired by Retired Justice George Smith and comprises Mrs Violet Mutandwa, Mr Brains Muchemwa, George Dikinya, Anesu Daka, Itai Chirume, Martin Tarusenga and Godfrey Kanyenze.
The commission's task is expected to establish the total value of pensions as at 31 December 2006 and as at 31 March 2009.
The commissioners will also be required to investigate the role of pension funds and pension fund managers during the conversion period.
Finance and Economic Development Minister Patrick Chinamasa says the commissioners were selected from those who have intricate knowledge of the insurance and pensions sectors, by an independent consultant.
He said the work of the commission when complete, should revitalise and boost the public's confidence in the pensions and insurance sectors.
The President has also mandated the commission to fully establish the factors causes and reasons for the loss values as of March 31 2009.
It is also expected to establish the nature, type and value of pension value of pension fund assets acquired from pension funds as of 31 December 2006 and 31 March 2009.
The commission will ensure the process is done in a transparent manner.
The commission is chaired by Retired Justice George Smith and comprises Mrs Violet Mutandwa, Mr Brains Muchemwa, George Dikinya, Anesu Daka, Itai Chirume, Martin Tarusenga and Godfrey Kanyenze.
The commission's task is expected to establish the total value of pensions as at 31 December 2006 and as at 31 March 2009.
The commissioners will also be required to investigate the role of pension funds and pension fund managers during the conversion period.
Finance and Economic Development Minister Patrick Chinamasa says the commissioners were selected from those who have intricate knowledge of the insurance and pensions sectors, by an independent consultant.
He said the work of the commission when complete, should revitalise and boost the public's confidence in the pensions and insurance sectors.
The President has also mandated the commission to fully establish the factors causes and reasons for the loss values as of March 31 2009.
It is also expected to establish the nature, type and value of pension value of pension fund assets acquired from pension funds as of 31 December 2006 and 31 March 2009.
Source - zbc
