Zimbabwe - POBS Insurable Earnings Update - June 2024
The National Social Security Authority (NSSA) announced an update for all employers and stakeholders regarding the maximum insurable earnings per employee. Effective June 1, 2024, the new maximum amount of monthly earnings subject to contributions will be USD 700. Contributions may also be payable in ZiG at the prevailing official interbank rate, in accordance with Statutory Instrument 99 of 2024. Payments should continue to be made in the same currency used for employee remuneration, as specified by Statutory Instrument 69 of 2021.
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