NSSA to increase pensions

NSSA to increase pensions

By Daniel Chigundu THE National Social Security Authority (NSSA) is reportedly working on increasing its pension payout to pensioners, a Cabinet Minister has revealed. NSSA has come under fire from pensioners for some time who complain that the authority is busy investing in unprofitable ventures while paying them peanuts. NSSA is a statutory body established in 1989 with a mandate to administer social security public funds on behalf of about 1.3 million contributors. The authority administers two schemes: Pension and Other Benefits Scheme and Accident Prevention and Workers’ Compensation Scheme….

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