ZIMBABWE’S pay-as-you-go State pension fund, the National Social Security Authority (Nssa), generated a 14,6% investment return in United States dollar terms over the past 12 months, bolstering its financial buffers as it seeks to meet obligations to current and future retirees.

The strong investment performance comes as Nssa increasingly relies on investment income, alongside contributions from workers, to meet pension obligations and build the fund’s long-term sustainability.

Nssa general manager Charles Shava said the authority’s investment strategy was focused on preserving and growing contributors savings while ensuring the long-term sustainability of the social security schemes it administers.

“Over the past 12 months, Nssa achieved an investment return of 14.6% in US dollar terms,” Shava told News Day Business in an interview.

“This performance demonstrates the au thority’s commitment to preserving and growing contributors funds while main taining the long-term sustainability of the social security schemes.”…

https://newsday.co.zw/