Gov’t makes 84 per cent pension fee increment

January 15, 2011

Daba said there are 640,000 beneficiaries of pension fund in the country. Some 50 per cent of them receive less than 200 Birr per month.

He said the readjustment and increment of pension fee will be put into effect as of the current month.

The director said an agency would also be established to launch a pension system that would benefit employees of private institutions, he said.

The agency will help to ensure safety of employees and employers as it is supported by technology, he said.

– ENA –