According to information gathered by The Sunday Mail, National Social Security Authority (NSSA) general manager Mrs Elizabeth Chitiga earns US$16 786 per month while other executives earn between US$6 000 and US$15 000 monthly. Pensioners get US$80 monthly payouts despite years of contributing to NSSA.
NSSA board chair Mr Robin Vela defended the high perks saying:
The remuneration of executives is pitched to attract talent necessary to manage a US$1,3 billion fund. If the top executive is being remunerated at under US$20k per month on a TCTC (total cost to company) basis – that is, in my view, below market!
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Zimbabwe Pensions and Insurance Rights Trust general manager Mr Martin Tarusenga condemned NSSA for paying huge salaries to top executive using the pension fund.
More: Sunday Mail
The National Social Security Authority is Zimbabwe's social security company which was established in 1989 in terms of the NSSA Act of 1989, Chapter 17: 04, an act of parliament. The firm administers social security public funds on behalf of about 1,3 million contributors. NSSA... Read More About National Social Security Authority