LABOUR and Social Security Minister Brenda Tambatamba has appointed Sebastian Akapelwa as new National Pension Scheme Authority board chairperson.
In a statement, Tuesday, Tambatamba said Zambia Congress of Trade Unions ZCTU president Chishimba Nkole had been appointed board member representing workers while Mizinga Melu had been appointed as board member representing the Bankers Association of Zambia, among others.
“I wish to inform the press and the nation at large that I have this day 18th January 2022 appointed the board chairperson, nine members and an alternate member to the National Pension Scheme Board of Trustees as provided for, under section 3, Part 1 of the first Schedule of the National Pension Scheme Act no. 40 of 1996. The following are the appointees: Mr Akapelwa Sebastian, chairperson of the board; Mr Victor Muyumba, board member representing the workers; Mr Chishimba Nkole, board member representing the Workers; Mr Kennedy Njamba, board member representing the employers; Mrs Myra Mara Ngoma, board member representing the employers; Mrs Mildred Mwila Kasase, board member representing the Ministry of Finance,” she said.
“Mrs Mukamasole Mundale, board member representing the Ministry of Labour and Social Security; Mr Emmanuel Mulukutila, board member representing the Bank of Zambia; Ms Mizinga Melu, board member representing the Bankers Association of Zambia; Mr Kamphata Botha, board Member representing the Zambia Association of Pension Fund Managers; and Ms Agness Manza (alternate to the board member representing the Ministry of Labour and Social Security.”
She called on the newly appointed board to provide the necessary oversight and guidance on the administration of NAPSA.
“I wish to congratulate the chairperson and the members for their deserved appointment and wish them all the best in the execution of their duties. I urge them to fully apply themselves as they provide oversight and guidance on all aspects of the National Pension Scheme Authority, keeping in mind that the ultimate intention of establishing NAPSA is to protect the members whilst positively contributing to the development of Zambia through the positive investment. I am happy that the new Board is composed of professionals who bring a balanced blend and wealth of skills and experiences to the Authority. I am also delighted that the membership is representative of the key stakeholder – constituents including the labour movement, the Bank of Zambia, Bankers Association of Zambia, the Association of Pension Funds, the Ministry of Finance and indeed, the Ministry of Labour and Social Security,” said Tambatamba.
“This new board is charged with an important fiduciary responsibility of shepherding NAPSA in line with the new dawn government policy directive of ensuring that the members’ needs are addressed and that innovative, pragmatic, holistic and lasting solutions are provided to the challenges faced by NAPSA. I trust that the chairperson and board members are equal to the task and will diligently perform their duties.”