563
The National Social Security Authority (NSSA) is encountering a major hurdle in maintaining its pension scheme, with compliance rates dropping to a concerning 50%, as stated by Acting General Manager Dr. Charles Shava.
Speaking to Great Dyke News, Shava expressed concern over the low level of employer contributions.
He urged companies to remit payments as required.
The NSSA, a statutory body established under Zimbabwean law, is mandated to administer social security schemes that protect workers and their families. Its legal foundation lies in the National Social Security Authority Act of 1989 (Chapter 17:04), enacted by Parliament to create a compulsory national pension framework.
