Zim sits on $25 million in unclaimed pensions

Zim sits on $25 million in unclaimed pensions
Published: 05 April 2018
PENSION funds have $25 million in unclaimed pensions from nearly 25 000 pensioners, the majority of whom are migrants, an Insurance and Pensions Commission (IPEC) official has disclosed.

For the sector, this would appear to be a better problem; they have grappled with contribution arrears since dollarisation in 2009, a situation that IPEC insists has greatly compromised the asset quality of a number of pension funds.


- fingaz
Tags: Pension,

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