Nssa ups pension payouts to US$60

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THE NATIONAL Social Security Authority (Nssa) says it will raise the minimum monthly pension payout to an equivalent of US$60 by August this year, in line with the International Labour Organisation requirements (ILO).
Currently, the lowest paid pensioner gets around $2 100 per month, which is equivalent to US$25 at the official exchange rate.

Nssa deputy marketing and communications director Tendai Mutseyekwa told The Financial Gazette this week that the raise in monthly payouts is meant to improve the welfare of pensioners.
“We are in the midst of a pandemic and a lot of people have lost jobs and incomes. To ensure that pensioners are cushioned, we have taken a deliberate decision to raise payouts. By August this year, the minimum pension payout will be at an equivalent of US$60 per month. This is in line with ILO requirements.”