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Thandeka Moyo-Ndlovu, Chronicle Reporter
EFFECTIVE June 1, workers together with their employers will be contributing a combined nine percent of their earnings to the National Social Security Authority (NSSA) up from seven percent.

In a statement, NSSA said the adjustments were a result of the Statutory instrument (SI) 108 and 109 which was gazetted on May 15.

“Following the gazetting of statutory instrument (SI) 108 and 109 of the 15th of May 2020 pertaining to a review of NSSA contribution rates and maximum pensionable salary, the Authority wishes to advise employers that these adjustments will be effective from 1 June 2020,” read the statement from NSSA.

“The contribution rate will go up to nine from seven percent, while the maximum pensionable salary will go up from $700 to $5 000.”

According to the SI108 and 109, an injured worker shall be entitled to a funeral benefit upon his or her death through a funeral service provider appointed by the Authority.

“All pensions on the payroll as at 1st October, 2019, in terms of this Scheme shall be increased by 200 percent with effect from the appointed date. Any pensions that are lower than the minimums stated in this section after applying the 200 increase, shall be increased to the minimum set for the category in terms of section 5.”

Section five states that the minimum monthly retirement pension is pegged at $240, while children and dependants are expected to get $30 and $53,33 respectively.

All widowers or widows will get $160 according to the document.