THE National Pension Scheme Authority (NAPSA) says it will propose to increase the 10 percent employee contribution rate in its second phase of reforms. Meanwhile, NAPSA says about K11 billion has been disbursed to over 600,000 beneficiaries under the 20 percent pre-retirement partial withdrawal scheme. Speaking during the NAPSA Media Workshop in Southern Province, Thursday, NAPSA CEO Muyangwa Muyangwa said complaints of low benefits could partly be attributed to the low contribution rate. “Of course, it’s not even NAPSA’s requirement. You know how pensions run, you always have to appoint an action [planner], an independent third party who comes and tells you the financial sustainability of the scheme. So that actually will tell you, when you reach this number of...