GOVERNMENT has hiked the minimum monthly insurable earnings to the National Social Security Authority (Nssa) from $5 000 to $21 641.
The new rate would be calculated at 75 percent of the prior month’s Total Consumption Poverty Line (TCPL) for an average of five persons per household as published by the Zimbabwe National Statistics Agency. Also, the monthly insurable earnings will now include discretionary allowances.
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This follows the promulgation of Statutory Instrument (SI) 169 of 2021, which amended the regulations of contribution rates to the Nssa Pension and Other Benefits Scheme
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