Zimbabwe Insurance and Pensions Commission has outlined pension-sector reforms under NDS 2 aimed at widening coverage, strengthening sustainability and rebuilding confidence among contributors and retirees. The strategy targets increasing pension coverage from below 40% of the labour force in 2025 to at least 45% by 2030, primarily through mandatory occupational pension schemes that complement the National Social Security Authority’s first-pillar provision. To address past loss of pension value and associated erosion of public trust, NDS 2 envisages measures to preserve the real value of retirement savings, including the introduction of inflation-hedged and index-linked bonds and the implementation of pension portability so members can retain accrued benefits when changing employment or schemes. It also points to developing inflation-hedged and diversified assets, including gold, property and equity indices, to help protect pension value amid price volatility.
Zimbabwe Insurance and Pensions Commission 2025-12-03
Zimbabwe Insurance and Pensions Commission highlights NDS 2 pension reforms targeting mandatory occupational schemes and inflation-hedged savings
The Zimbabwe Insurance and Pensions Commission announced pension-sector reforms under NDS 2 to expand coverage, enhance sustainability, and restore confidence. The strategy aims to increase pension coverage from below 40% of the labor force in 2025 to at least 45% by 2030 through mandatory occupational pension schemes. Measures include inflation-hedged and index-linked bonds, pension portability, and diversified assets to preserve retirement savings' real value.