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Home » Unclaimed pension benefits surge 104 percent
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Unclaimed pension benefits surge 104 percent

written by Prisca Tshuma, Staff Writer 0 comments
A significant number of pensioners in Zimbabwe face poverty, with many struggling to afford basic necessities due to low pension benefits and the impact of hyperinflation on payments.
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THE Insurance and Pensions Commission (Ipec) has noted a 104 percent rise in unclaimed benefits in the pensions sector. This climbed to US$14,25 million for the quarter ending December 2024, up from the US$7 million recorded in the same period the year before. Unclaimed pension benefits are funds owed to members or their beneficiaries of…

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