Unclaimed pension benefits surge 104 percent

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.

THE Insurance and Pensions Commission (Ipec) has noted a 104 percent rise in unclaimed benefits in the pensions sector.Advertisements 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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