Contributory pension to double in five years—Treasury - The Nation Online: Contributory pension to double in five years—Treasury
Grace Phiri June 15, 2018 0 Comments
Ministry of Finance, Economic Planning and Development says it wants to increase coverage of contributory pension from eight percent to 15 percent of the workforce by 2021 by creating viable, long term investment avenues for growing reserves especially from the pension funds promoted.
The public service pension scheme is a defined benefit with unfunded liabilities estimated at 60 percent of the gross domestic product (GDP) in 2013. The Government is yet to roll out its pension scheme to defined contribution.
Grace Phiri June 15, 2018 0 Comments
Ministry of Finance, Economic Planning and Development says it wants to increase coverage of contributory pension from eight percent to 15 percent of the workforce by 2021 by creating viable, long term investment avenues for growing reserves especially from the pension funds promoted.
The public service pension scheme is a defined benefit with unfunded liabilities estimated at 60 percent of the gross domestic product (GDP) in 2013. The Government is yet to roll out its pension scheme to defined contribution.
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