Retirement Pension.

All About Retirement Pension, NAPSA, Pension Payments, Pensioners in Zambia, Retirees Terminal Benefits, NAPSA, Living Conditions in Zambia and more on Mywage Zambia.

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By Sanday Chongo Kabange

Workers who are employed in Zambia make monthly contributions to a special trust account held by a special body. 

Bodies such as the Zambia National Pensions Scheme Authority (NAPSA), the Public Service Pension Fund (PSPF) and the Local Authority Superannuation Fund (LASF) hold these special trust accounts on behalf of workers. These special trust accounts entitle workers to earn an income once they have retired from employment. The income one gets when one has retired from employment is what is referred to as a Retirement Pension.

  • A Retirement Pension is be paid to a retired member who has fulfilled the conditions for the award of a Retirement Pension. These are that the person has attained pensionable age of 55 years and made not less than 180 monthly contributions.
  • The Retirement Pension payment starts as soon as a retiree has fully met the conditions for receiving a Retirement Pension, as outlined above. 
  • The payment will end in the month in which the retired member dies. 
  • The member will receive their Retirement Pension on a monthly basis. 

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