ZIMBABWE

(d) SOCIAL INSURANCE

There is a National Social Security Authority (NSSA) that was established in 1994, responsible for the following:

- workers compensation
- occupational safety
- NSSA pensions (a national retirement pension scheme) and other benefits schemes.

Workers compensation provides benefits in cases of disability or death caused by accidents at work. The pension scheme provides retirement benefits at the age of 65, pensions in cases of early retirement on grounds of ill-health and funeral benefits at death.

Contributions are limited to 3% each of monthly pay. Employers’ contributions are limited to a maximum of Z$120 per employee per month. Expatriates must pay NSSA contributions.

Unemployment Insurance

Currently there is no unemployment insurance scheme in Zimbabwe. It is however anticipated that, in the near future, NSSA will include unemployment benefits.

Health Insurance

Zimbabwe does not have a national medical insurance scheme, but several private medical aid schemes exist, which are commonly provided by companies /organizations for their employees.

Pensions

In addition to NSSA, many private pension schemes exist in Zimbabwe. These schemes are commonly administered by insurance companies and are usually either fixed benefits or fixed contribution schemes.