Harness Zimbabwe’s pension funds for economic growth
The Insurance and Pension Commission has revealed that Zimbabwe is sitting on pension fund assets worth close to $10 billion, which can be unlocked to revive the economy.
The assets are divided into four main categories – the compulsory scheme administered by the National Social Security Authority, the Public Service Pension Scheme for the civil servants, voluntary occupational pension funds and personal pension plans.
According to IPEC, assets under NSSA are worth $800 million, with $6 billion under public sector schemes, $2,9 billion under private occupational schemes and $100 million under private individual policies schemes.
Full Content: The Herald
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