Govt owes Zisco pensioners US$38m - Zimbabwe Situation

First Mutual Life implicated in ZISCO Steel pensioners' US$38.7 million loss – Nehanda Radio

HARARE - A parliamentary report has implicated First Mutual Life (FML) in a significant grievance by ZISCO Steel pensioners who claim to have lost US$38.7 million due to currency conversions following the government's debt assumption for the defunct steel company. The post First Mutual Life implicated in ZISCO Steel pensioners’ US$38.7 million loss appeared first on Nehanda Radio.

Zimbabwe Finance Ministry owes ZiscoSteel pensioners US$38.7 million

Zimbabwe’s Finance Ministry faces mounting pressure after a parliamentary investigation revealed it still owes US$38.7 million to former employees of the defunct Zimbabwe Iron and Steel Company (ZiscoSteel), some of whom have waited over a decade for their pension benefits. The Parliamentary Portfolio Committee on Budget, Finance and Investment Promotion disclosed Tuesday that the government failed to properly honor pension obligations originall…

Govt owes Zisco pensioners US$38m - Zimbabwe Situation

Source: Govt owes Zisco pensioners US$38m -Newsday Zimbabwe THE Finance, Economic Development and Investment Promotion ministry is reportedly in arrears of US$38,7 million owed to ZiscoSteel pensioners. A parliamentary portfolio committee report revealed discrepancies in the handling of pension funds following the country’s currency changes and ZiscoSteel’s failure to remit pension contributions. The Parliamentary Portfolio Committee on Budget, …