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NSSA to pay part pension in foreign currency

26 May, 2023 - 00:05 0 Views
NSSA to pay part pension in foreign currency NSSA

The Chronicle

Harare Bureau

National Social Security Authority pensioners will from next month be paid a portion of their monthly payout in foreign currency to cushion the retired workers from economic challenges.

Government has been making continuous efforts to cushion the pensioners through the Special Presidential Bonus and the Covid-19 allowance.

In a statement, NSSA confirmed that beneficiaries would receive a portion of their monthly pension in US dollars for the month of June 2023 although it did not disclose the actual percentage or figure.

“Beneficiaries with Econet lines will have the choice of receiving the US dollar component through Ecocash, or their usual bank accounts. To be paid through Ecocash dial *912*1*1# and follow the instructions.

“This has to be done before 31 May 2023 or you will be paid through your bank. Messages will be sent first to our clients before they can dial the short code,” said NSSA.

The authority said modalities for incorporating other mobile money service providers were underway.

Pensioners yesterday described the move as a step in the right direction.

A pensioner from Mabelreign, Mrs Tilda Chakanga, said they were hopeful that the forex component would be enough to cater for the basic goods.

“I am glad that we will be receiving a forex component. My only wish is that the money will be enough to enable me to cater for my basic needs including buying groceries,” she said.

“Most informal traders are now demanding forex for their goods and services so for us to have a portion in forex that would be a noble idea which we welcome,” she said.

Granny Rosemary Chishika said she hoped that the forex component would be a permanent feature.

“My hope is that this will be a monthly thing, not some sort of a cushioning allowance. It is ideal for the component to be monthly just like what civil servants are receiving,” he said.

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