LABOUR and Social Security Minister Brenda Tambatamba has revealed that on January 30, 2025, Cabinet approved in principle, a comprehensive package of pension reforms. Tambatamba says the current 20 percent partial withdrawal benefit will be expanded to allow members to access this amount as a lump sum at retirement, with the possibility of increasing the percentage beyond 20 percent. She was responding to a private members’ motion moved by Kanchibiya PF MP Sunday Chanda, which urged government to reform the retirement benefit structure under the National Pension Scheme Authority (NAPSA) to give contributors an option of accessing lump sum payments upon retirement. “Madam Speaker, on the 30th of January 2025, Cabinet approved in principle, a comprehensive package of pension reforms...