The Zimbabwe Government has today dissolved the National Social Security Authority (NSSA)’s board before the completion of its tenure.
The Cuthbert Chidoori-led board was appointed by then labour minister, Dr Sekai Nzenza last February.
Public Service, Labour and Social Welfare Minister, Professor Paul Mavima said the move was aimed at reorganizing state-run pension fund “to respond to emerging issues in the world of work and align its mandate with the national development agenda.”
“Accordingly, the NSSA Board has been dissolved with immediate effect to pave way for this transformation,” he said.
The Minister said a three-member interim board will oversee the administration of NSSA until a new substantive board is appointed.
NSSA has – on numerous occasions 1
– been accused of mishandling of pensioners’ funds.
And the Chidoori-led board had promised to deliver a new culture of good corporate governance at NSSA.
It is not yet clear why the board’s tenure has been cut short.