Farai Mabeza, Senior Staff Writer 
19
A HIGH prevalence of non-pensionable allowances in Zimbabwe has restrained contributions to funds, worsening liquidity challenges in the industry and creating a social security gap in the country, the Insurance and Pensions Commission (Ipec) says.
Non-pensionable payments have been on the rise since hyperinflation hit in 2019, after currency adjustments and have escalated lately due to Covid-19, with employers cushioning workers through allowances rather than salary increases.
Advertisements
IPEC commissioner, Gace Muradzikwa
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
