Insurers to pay for Zimdollar losses

Insurers to pay for Zimdollar losses
Published: 12 March 2018
Insurance policy-holders and pensioners should be compensated for loss of value suffered as a result of hyperinflation in 2007-8 and the country's adoption of a multi-currency system in 2009, a commission set up to investigate the effect of the change-over has recommended.

Also, the National Social Security Authority (NSSA) and other corporates should stop paying a flat pension benefit to retired contributors regardless of their salary level or years of participation in the fund, while funeral policy-holders should be compensated for alteration of benefits or cancellation of policies following dollarisation.
- the herald
Tags: Zimdollar,


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