Promise
Improve the adequacy of retirement benefits
Promise History
National Pension Scheme Contributions adjusted upwards
Former NAPSA Director General Aubrey Chibumba highlighted that the recent revision of the maximum monthly deductible employee contribution to K1,708.20 for 2025 is aimed at enhancing individual future benefits and allowing lower earners to qualify for minimum benefits. The adjustment also raises the combined maximum statutory contribution for employees and employers to ZMW 3,416.40 in response to changes implemented by the National Pension Scheme Authority (NAPSA).
The Government of Zambia clears TAZARA retirees’ outstanding benefits.
The government released 72- million Kwacha to clear outstanding retirement benefits to former workers at the Tanzania Zambia Railway Authority which has been outstanding for the last year 15-years.
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