Zimbabwe’s pension industry consists of four pension schemes, namely the National Social Security Authority (NSSA), Civil Service Pension, Private Occupational Pension and Individual Pension.
CONTRIBUTION arrears to pension funds rose by 57 percent to $550 million in the 10 months to February 2018, from $350 million recorded in May last year, the Insurance and Pensions Commission (IPEC) disclosed last week.
The trend highlights the economic crisis gripping the country, forcing companies to stop remitting pension contributions to various funds.