Promise
Broaden the formal employment base to ensure workers are protected by the law and have access to pension and health systems
Promise History
National Pension Scheme Amendment Bill signed into law
President Hakainde Hichilema has signed into law the National Pension Scheme Amendment Bill 2023 which allows for the partial withdrawal of pensions. The new law, which fulfils one of the major campaign promises of United Party for National Development (UPND), has been met with a lot of excitement by workers. It will give citizens the opportunity to reinvest the funds into various ventures and assets of their choice. As a result, more jobs will be created, contributing to our economic development agenda.”
Cabinet approves The National Pension Scheme Amendment Bill, 2022 for review by parliament.
The cabinet of Zambia approved the publication and introduction of a new Bill, The National Pension Scheme Amendment Bill, 2022 for review by parliament; Bill seeks to revise the penalty rate for delayed payment of contributions; provide for a waiver of penalties arising from delayed payments of contributions and provide for an option to claim for age benefits by a member under the existing fund.
K18.1 billion allocated to recruit teachers
Government allocated K18.1bn ($1bn) for the recruitment of 30000 teachers
K930 million allocated to recruit health workers
Government allocated K930,154,000 to the recruitment of 11, 200 health workers countrywide.
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