NSSA to introduce zero bank charges for pensioners

MASVINGO -The National Social Security Authority (NSSA) is working towards scrapping all bank charges for pensioners.
Zimbabwe pensioners, particularly civil servants are earning less than US$30 a month.
The Minister of Public Service, Labour and Social Welfare Paul Mavima announced the plans during an engagement between NSSA and representatives of newly formed Civil Service Pension Association of Zim (CSPAZ) held at the Great Zimbabwe Hotel on Thursday last week.
He said NSSA is currently negotiating with POSB, FBC and NBS which account for 70% of their pensioneers to scrap the charges for pensioners.
NSSA general manager Arthur Manase and several executives attended the meeting.
“We are engaged in talks with POSB, FBC and NBS to have zero charges for pensioneers. These banks account for 70% of pensioneers. A chunk of the pensions is lost in transaction fees, bank to wallet transfers, balance enquiry, swiping and withdrawals.
“Pensioners should also be able to collect their pension in cash without inquiring any cost on their side because some of them are travelling long distances to access the money,” said Mavima
NSSA social services deputy director Tambudzai Jongwe said her organisation was going to come up with mechanisms of cushioning banks.

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