{"id":78273,"date":"2023-05-26T11:36:56","date_gmt":"2023-05-26T09:36:56","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation"},"modified":"2023-05-26T14:59:26","modified_gmt":"2023-05-26T12:59:26","slug":"zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation","title":{"rendered":"Zimbabwean pensioners to receive part of monthly pension in US dollars to cushion against inflation"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span><b>By TimesLive<\/b><\/p>\n<p>HARARE: Pensioners in Zimbabwe will receive part of their monthly pension in US dollars to cushion against inflation.<\/p>\n<p>The National Social Security Authority (NSSA), a publicly run pension fund under the stewardship of the public service ministry, said pensioners will receive the money through mobile money services or their banks.<\/p>\n<p>\u201cNSSA beneficiaries will receive a portion of their monthly pension in US dollars for June. \u200b\u200b\u200bBeneficiaries with Econet lines will have the choice of receiving the US dollars component through Ecocash or their usual bank accounts.\u201d<\/p>\n<p>Pensioners are the hardest hit in the country\u2019s economic crisis, receiving meagre monthly payouts in Zimbabwean dollars eroded by inflation. Soaring prices and rising inflation means most pensioners can barely afford to eat.<\/p>\n<p>Last year pensioners petitioned parliament, seeking a review of their monthly payouts, saying they live in poverty due to the rising cost of living, inflation and the falling value of the pension in Zimbabwean dollars.<\/p>\n<p>\u201cThe monthly pension payouts are our source of income and livelihood. This monthly income is not sufficient to sustain the pensioner, let alone their family. We are living in difficult times, thousands of pensioners are living under the poverty line,\u201d read part of the petition.<\/p>\n<p>Pensioner Veronica Gundano, 74, told TimesLIVE pensioners are struggling.<\/p>\n<p>\u201cThe cost of everything has gone up. l can\u2019t even buy groceries or my medication with my monthly pension of ZWL$40,000 [R2,137]. Pensioners are living [in] poverty and we are struggling. Receiving a portion of my monthly pension in US dollars will be helpful, but the government still needs to do much more to lift pensioners out of poverty,\u201d she said.<\/p>\n<p>Economist Victor Bhoroma said pensioners getting monthly payouts in foreign currency was long overdue.<\/p>\n<p>\u201cNSSA has been receiving contributions from its members in foreign currency for some time. Close to 160,000 pensioners are on the NSSA payroll. The majority of these are wallowing in extreme poverty due to high levels of inflation in the local currency.<\/p>\n<p>\u201cAs such, the move will help alleviate poverty, cover the gap left void by disintegrated social safety nets and improve buying power for pensioners,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. By TimesLive HARARE: Pensioners in Zimbabwe will receive part of their monthly pension in US dollars to cushion against inflation. The National Social Security Authority (NSSA), a publicly run pension fund under the stewardship of the public service ministry, said pensioners will receive the money through mobile money services or their banks. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":78272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":["post-78273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Zimbabwean pensioners to receive part of monthly pension in US dollars to cushion against inflation - zimbabwe<\/title>\n<meta name=\"description\" content=\"By TimesLive HARARE: Pensioners in Zimbabwe will receive part of their monthly pension in US dollars to cushion ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwean pensioners to receive part of monthly pension in US dollars to cushion against inflation\" \/>\n<meta property=\"og:description\" content=\"By TimesLive HARARE: Pensioners in Zimbabwe will receive part of their monthly pension in US dollars to cushion ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-26T09:36:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-26T12:59:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/05\/sm_1685089590.959108.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zimbabwean pensioners to receive part of monthly pension in US dollars to cushion against inflation\",\"datePublished\":\"2023-05-26T09:36:56+00:00\",\"dateModified\":\"2023-05-26T12:59:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\"},\"wordCount\":380,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/05\/sm_1685089590.959108.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-pensioners-to-receive-part-of-monthly-pension-in-us-dollars-to-cushion-against-inflation\",\"name\":\"Zimbabwean pensioners to receive part of monthly pension in US dollars to cushion against inflation - 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