adminPeter Matambanadzo Senior Reporter
THE National Social Security Authority’s income has increased by 10 percent after it collected US$142 million in pension contributions and premiums between January and September this year. During the same period last year, the pension authority collected about US$120 million.
NSSA spokesperson Mr Philemon Shereni said the income was collected under the authority’s Pensions and Other Benefits Scheme and the Accident Prevention and Workers Compensation Scheme.
“As at 30 September 2013, the authority had collected US$142 834 262. At the same time in 2012, the cumulative figure was US$119 049 880,” Mr Shereni said.
He attributed the increase to new measures recently implemented by the authority to consolidate revenue collection.
“Although the authority has nourished its compliance enforcement strategies, the introduction of statutory reforms with effect from 1st June 2013 explains the greater part of such increase in collection levels,” he said.
The reforms include training of compliance inspectors who are going around the country educating and registering employers and employees.
“At the end of each month, the same inspectors ensure that the employers remit contributions and premiums in full and on time,” Mr Shereni said.
He said to date the authority has resourced each of its regions with compliance inspectors.
“These inspectors embark on intensive physical inspections and internal debt recoveries to ensure compliance,” he said.
Mr Shereni said the authority was working on using Information Communication Technology as a way of remitting contributions.
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