Zimbabwe retirement pensions raised from $80 to $200

Elderly people sit and sleep on the pavement outside a local bank in Bulawayo as they wait in line to withdraw their monthly pensions. Most of these people travel long distances from their rural homes to access their monthly pensions in cities and towns, and sometimes must wait days because of daily withdraw limits.
(Fortune Moyo, GPJ Zimbabwe)

Zimbabwe’s retirement pensions have been increased from $80 to $200 a month with effect from 1 October.

The National Social Security Authority said today that pensioners will be paid out their arrears for October together with any amounts due tomorrow.

Other pensions have been increased by 65 percent.

The $80 pension was enough to buy only five loaves of bread but now the pensioners can 13 loaves.

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Source: Insider Zim

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