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.
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.
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.
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.
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.
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