Agency collects over 978 mln birr in pension funds

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Addis Ababa, 3 March 2014 (WIC) – The Private Organizations Employees’ Social Security Agency (POESA) said it has collected over 978 million birr in pension funds from private institutions in the first half of this budget year.

Agency Communications Director Tesfaye Gashaw, told WIC that the fund was collected through branch offices of the federal, Addis Ababa and regional states.

According to Tesfaye, the agency surpassed its target by more than 228 million birr. The plan was to collects 750 million birr.

Some 92,036 employees working in 10, 161 private organizations were also registered in the reported period, it was learnt.