{"id":74767,"date":"2023-03-02T20:02:04","date_gmt":"2023-03-02T18:02:04","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report"},"modified":"2023-03-02T22:24:38","modified_gmt":"2023-03-02T20:24:38","slug":"nrz-pensioners-earning-us3-monthly-payouts-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report","title":{"rendered":"NRZ Pensioners Earning US$3 Monthly Payouts | Report"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to around US$3 per month.<\/p>\n<p>One pensioner who spoke to NewZimbabwe.com on Wednesday on condition of anonymity claimed the National Railways of Zimbabwe Contributory Pension Fund (NRZCPF) is paying out ZWL$3 000 per month. Said the pensioner:<\/p>\n<p>Early this year the pension payouts were increased from around ZWL$2 000 to ZWL$3 000 which is not even enough to purchase more than US$3.<\/p>\n<p>The worst part is that one needs ZWL$1 000 to travel to the bank if you are based in urban centres and even much more for those residing in rural areas.<\/p>\n<p>This added to high bank charges makes it senseless to even think of withdrawing the money.<\/p>\n<p>What boggles the mind is that employees working for these pension funds are sitting pretty, enjoying hefty packages from our sweat.<\/p>\n<p>The pensioner said NRZCPF took advantage of Statutory Instrument 33 of 2016 which introduced the Zimbabwe dollar as the sole currency. He said:<\/p>\n<p>So since then, a pensioner who was earning US$400 was automatically paid ZWL$400 and despite the changes which took place thereafter we did not factor in.<\/p>\n<p>Contacted for comment on the matter, NRZCPF board chairperson, Takunda Madanha said:<\/p>\n<p>I will not comment on the figures being paid out, but we know that the payouts are too little for now.<\/p>\n<p>Pensioners also need to appreciate that we are basing the payouts on a defined pension contribution scheme under which what is paid for is a result of what one invested.<\/p>\n<p>There are three factors that contribute to this; your last pensionable salary, the duration of your service and the savings you made.<\/p>\n<p>He said pensioners should understand that contributions made in the GNU era were much higher which explains the differences in current payouts. He added:<\/p>\n<p>We are however trying to improve the situation by collecting rentals from our properties but again we are dogged by rising void spaces and low rentals which have high defaults.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to around US$3 per month. One pensioner who spoke to NewZimbabwe.com on Wednesday on condition of anonymity claimed the National Railways of Zimbabwe Contributory Pension Fund (NRZCPF) is paying out ZWL$3 000 per month. Said the pensioner: [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":74765,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1493,2189,14128,901,14127,14129,9996,460,6071,19],"class_list":{"0":"post-74767","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-national-railways-of-zimbabwe-contributory-pension-fund","12":"tag-nrz","13":"tag-nrz-pensioners","14":"tag-nrzcpf","15":"tag-pension","16":"tag-pensioners","17":"tag-pensions","18":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NRZ Pensioners Earning US$3 Monthly Payouts | Report - zimbabwe<\/title>\n<meta name=\"description\" content=\"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NRZ Pensioners Earning US$3 Monthly Payouts | Report\" \/>\n<meta property=\"og:description\" content=\"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T18:02:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-02T20:24:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report\",\"name\":\"NRZ Pensioners Earning US$3 Monthly Payouts | Report - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg\",\"datePublished\":\"2023-03-02T18:02:04+00:00\",\"dateModified\":\"2023-03-02T20:24:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg\",\"width\":800,\"height\":479,\"caption\":\"NRZ Pensioners Earning US$3 Monthly Payouts | Report\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NRZ Pensioners Earning US$3 Monthly Payouts | Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NRZ Pensioners Earning US$3 Monthly Payouts | Report - zimbabwe","description":"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report","og_locale":"en_US","og_type":"article","og_title":"NRZ Pensioners Earning US$3 Monthly Payouts | Report","og_description":"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report","og_site_name":"zimbabwe","article_published_time":"2023-03-02T18:02:04+00:00","article_modified_time":"2023-03-02T20:24:38+00:00","og_image":[{"width":800,"height":479,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report","name":"NRZ Pensioners Earning US$3 Monthly Payouts | Report - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg","datePublished":"2023-03-02T18:02:04+00:00","dateModified":"2023-03-02T20:24:38+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"Retired National Railways of Zimbabwe (NRZ) workers are reportedly receiving a monthly pension payout equivalent to arou ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/03\/postQueueImg_1677774741.28.jpg","width":800,"height":479,"caption":"NRZ Pensioners Earning US$3 Monthly Payouts | Report"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/nrz-pensioners-earning-us3-monthly-payouts-report#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"NRZ Pensioners Earning US$3 Monthly Payouts | Report"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/74767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=74767"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/74767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/74765"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=74767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=74767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=74767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}