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Acting Business Editor
THE National Social Security Authority (NSSA) says its newly built office will be opening doors to clients early next month.
It said in a statement that the office would be handling all payments, benefits processing and occupational and health enquiries.
“NSSA wishes to advice its clients that the new NSSA Beitbridge office will open on 2nd January, 2014. This office will handle all payments, benefits processing and occupational safety and health enquiries,” it said.
Construction of the multi-million dollar complex was started recently.
Contacted for comment NSSA spokesperson Philimon Chereni said, “I am not at work at the moment, can you please call our public relations department.”
Efforts to get a comment from the authority’s public relations department were unsuccessful.
Meanwhile, Finance and Economic Development Minister Patrick Chinamasa in the 2014 national budget stated that insurance and pensions industry plays a critical role in mobilising savings and providing future security for beneficiaries.
As at September 30, 2013, the industry’s total assets grew by about 20 percent from $2,99 billion in December 2012 to $3,6 billion.
The growth, he said was largely driven by life assurance and pension fund assets.
Most companies complied with the June 30, 2013 threshold and are likely to meet the June 2014 deadline,” he said.
The 2013 national budget targeted to raise $150 million through prescribed assets to finance infrastructural projects.
“There was however, little progress in this area as identified beneficiary institutions made minimal efforts to comply.”
For example, short-term insurers compliance level was at 0,45 percent while pension funds were at 0,65 percent as at September 30, 2013.
Minister Chinamasa said Government was urging beneficiary parastatals with viable and bankable projects involved in infrastructure particularly power, Information, Communication and Technology, water and sanitation and transport, among others to expedite the process for mobilising resources through long-term infrastructure bonds.
Online Reporter