THE Zambia Congress of Trade Unions (ZCTU) has cautioned workers who will opt to withdraw part of their pension money to invest it and not use it for kitchen parties or purchasing luxurious items. On Monday this week, President Hakainde Hichilema signed into law, the National Pension Scheme Amendment Bill of 2023 which allows for the partial withdrawal of pension funds. Meanwhile, several beneficiaries have been queueing up at NAPSA offices to claim part of their pension benefits following this development. Commenting on the matter, ZCTU Secretary General Joy Beene welcomed the development but called for increased financial education to the beneficiaries. “President HH with his government has given us this opportunity to access our pension money early, but the…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe