Economy
Status:
inprogressinprogress icon

Promise

Increase budgetary allocations to social protection, including addressing the plight of pensioners

Promise History

NAPSA disbursed K8.7 billion to more than four hundred thousand beneficiaries.

The government through the National Pension Scheme Authority (NAPSA) disbursed K8.7 billion to more than four hundred thousand beneficiaries as part of the pre-retirement lump-sum benefit program.

Link iconLusaka TimesPublished: October 13, 2023
The Zambian government approved the National Pension Scheme (Amendment) Bill of 2023.

National Pension Scheme Bill approved by government.  The new bill seeks to amend section 19 of the current NAPSA Act, to enable teachers to receive part of their savings as pre-retirement benefits after serving for ten years.

Link iconLusaka TimesPublished: February 27, 2023
NAPSA needed to transition towards a partial access model

President Hakainde Hichilema emphasised the need for NAPSA (National Pension Scheme Authority) to transition towards a partial access model.

Link iconZNBC NewsPublished: May 2, 2022
K2.1 billion allocated to accrued arrears for pensioners

K2.1 billion was set aside to assist in dismantling accrued arrears for pensioners and the UNDP has already started paying off the retirees.

Link iconLusaka StarsPublished: December 28, 2021
Austerity measures implemented

UPND implement's austerity measures such as the removal of electricity and fuel subsidies to go towards paying retirees and other needy areas.

Link iconZambian TelegraphPublished: December 9, 2021
National Budget (2022) published

 A National Budget (2022 ) created to support the social sectors and social protection programmes.

Link iconParliament of ZambiaPublished: October 29, 2021

This platform was made possible by the generous assistance of our following partners:

Charter logo
European Union logo
GIZ logo
2024, SIVIO Institute