The Impact Of Dollarization On Pensioners In Zimbabwe :A Case Study Of Old Mutual (2009-2015)

ABSTRACT

This study examined the impact of dollarization on pensioners in Zimbabwe with Old Mutual

as a case study. The objectives were to find out how dollarization affected retirees and ways to

compensate the aggrieved pensioners. A review of literature on the subject of dollarization was

done and the findings provided a good foundation in the understanding of the. Data was

collected by way of questionnaires and interviews from a sample size of twenty people

randomly selected from a population of fifty two employee benefits personnel. The study

revealed that pensioners in Zimbabwe were adversely affected by dollarization in that their

contributions were eroded which is evidenced by the very low pension benefits they received

on retirement. Recommendations were made to try and rectify these issues. These include

approving offshore investments and encouraging more use of hybrid schemes.

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