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The Zimbabwe government has adjusted pensions for its former workers as part of efforts to cushion them against the rising cost of living.
In a statement, Public Service Commission secretary Jonathan Wutawunashe said the adjustment would be effected next month and back dated to January this year.
“The Public Service Commission notifies the government pensioners that procedures relating to a cost of living adjustment for all pensioners have been finalised and the adjustment will be effected in March 2020 backdated to January,” he said.
It could not be immediately established from how much the Government pensions had been adjusted and to what, but National Social Security Authority (NSSA) pensioners get $80 while survivor pensioners get $32.
With regards to the current compensation framework for NSSA, pension pay-outs depend on contributions, but the majority receive between $80 and $200 monthly, although very few who retired on good salaries could be earning between $500 and $1 500.
Pensioners in Zimbabwe have for long been calling for upward review of their pay-outs citing the ever rising prices of goods and goods which saw the poverty datum line (PDL) standing at $4 188 in December last year, 14.5 percent up from $3 656 the previous month.
The PDL measures the basic needs for an average family of five. – New Ziana
Online Reporter