By NATION REPORTERCABINET has approved, in principle, the introduction of a bill in parliament to amend the National Pension Scheme Act No. 40 of 1996 so as to provide members of the scheme an option to access part of the contributions before retirement.Government made a policy pronouncement on the need for a partial access to pension contributions by members of the National Pension Scheme through President Hakainde Hichilema’s inaugural ad[1]dress to parliament, the UPND manifesto 2021-2026 and the 2022 budget speech, combined, as some of the pol[1]icy documents that have pronounced the introduction of partial pension benefits. Chief Government spokes[1]person Chushi Kasanda said in a statement that the decision was arrived at during the 24th cabinet meeting held on Friday, chaired by President Hichilema at State House.Ms Kasanda who is Minister of Information and Media said the National Pension Scheme Act No. 40 of 1996, in its current form, did not allow for the implementation […]
CABINET APPROVES BILL FOR PARTIAL ACCESS TO PENSION
