A milestone for Zambia ๐ฟ๐ฒ
President Hakainde Hichilema has assented to the NAPSA Pension Scheme Act, 2026, strengthening benefits, coverage, and social protection.
Picture credit: ZANIS
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Her story. Her benefit. Her success.
Watch this inspiring testimony from a former ZNPF contributor who successfully claimed her retirement benefit from NAPSA.
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NAPSA Director General Muyangwa Muyangwa has assured members &the public that the Authority is growing & contributing significantly to the national economy as it also works to improve its suite & level of benefits.
The Director General emphasized that the pension reforms and new products are intended to broaden social security coverage, promote a culture of saving and provide flexible investment opportunities for citizens both locally and abroad.
Additionally, he highlighted the Zambia Kuchalo Wealth Fund (ZKCWF), an investment vehicle that will allow Zambians, including those in the diaspora, to co-invest alongside NAPSA in various investment opportunities.
He also spoke about the Diaspora Savings Product, designed to enable Zambians living abroad to save towards a secure and dignified retirement back home.
On new pension products, the DG highlighted the Supplementary Savings Product, which targets members that wish to supplement their servings as well as self-employed individuals seeking to secure their retirement savings.
Among the key pension reform areas include:
- Increase in minimum pension from 20% to 25% of National Average Earnings
- โ Increase in Funeral Grant by 25% in 2026
- โ Increase in income replacement rate from 40% to 45%
- โ Introduction of advance payment to pensioners&more.
Mr Muyangwa took the opportunity to create awareness among marketing professionals drawn from across the country about the Authorityโs ongoing pension reforms and new and diversified products that are on the way.
Speaking during the 2026 Zambia Institute of Marketing Conference,Mr Muyangwa called on citizens to embrace the new NAPSA&its new social security products that are in the pipeline, aimed at enhancing financial independence&securing the future of workers across different sectors
Did you know? ๐
Your NAPSA contributions still matter! You may qualify for a lump sum payment even without a monthly pension.
๐ https://t.co/MlY1XCBhPV
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Did you know? ๐ค
Even if you do not qualify for a monthly pension, your NAPSA contributions still qualify you for a one-off lump sum payment.
Every contribution counts toward your social security benefits.
๐ https://t.co/MlY1XCBhPV
#NAPSA#DidYouKnow#SocialSecurity