
ONLINE JOB VACANCIES
June 15, 2025 at 04:12 PM
#zbsnews
The government has revised upwards the monthly pensions by 20 percent, but the pensioner's body says it does not tally with current cost of living.
Treasury spokesperson, Williams Banda has confirmed a circular on the same which states that the adjustment is effective May 1, 2025.
"This aligns with the government policy which stipulates that where there is a government salary increase; the pension adjustment shall reflect the higher of the percentage of the salary and the previous fiscal year's average Consumer Price Index (CPI), up to a maximum of 10 percent"..reads the circular in part.
However, it states that the pensioners that retired prior to the pension reforms of October 2004 will receive a higher percentage of the adjustment as compared to those who retired after that date to reduce the significant gaps existing between the two groups of retirees.
Meanwhile, Public Service Pensioners Association (PUSEPA) president, Nellie Mkhumba, has described the increase as meagre to tally with the current harsh economic situation, "we would have loved if it was 50 or even 100 percent since there are no incentives for pensioners".
(by Luka Beston-Thyolo:06/15/25)
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