Govt directs NSSA to increase monthly pension payouts

Government has directed the National Social Security Authority (NSSA) to increase monthly pension payouts to $100 instead of the current $60 in the first quarter of this year and gradually raise the figure to $150 by the end of the first half.

Public Service, Labour and Social Welfare Minister Prisca Mupfumira confirmed the development to The Herald. Following the directive by Government, NSSA has been reviewing its current investment portfolio and will be taking a decision to either dispose of non-performing assets or consolidate its interests in appropriate vehicles.

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