Monday, May 19, 2025

ZNUT complains about the complicated procedures in accessing loans

Share

The Zambia National Union of Teachers (ZNUT) in the northern province is concerned about the complicated procedures in accessing loans from the Public Service Pensions Fund (PSPF).

This is contained in a press statement to ZANIS in Kasama yesterday by the provincial chairperson Jonas Musonda.

Mr Musonda said that the union will not condone the victimization of its members who joined the service starting from the year 2000 to date.

He explained that the teachers have been contributing to the pensions fund and hence need to benefit from this loan scheme, which PSPF is providing.

Mr Musonda added that it is not fair that a teacher who has been contributing to the scheme for 13 years cannot benefit from the loan scheme.

He has since appealed for an explanation from the public service pension’s fund.

And some civil servants bemoaned that the loan conditions are stiff which may force some people to continue borrowing from commercial banks.

They have since appealed to the scheme managers to ensure that the public is well informed about the matter.

ZANIS

1 COMMENT

  1. the scheme is nothing and av not met some1 who has benefitted in petauke either. But av met more than 10 who have lamentably been unsuccessful t acquire the loan due t flimsy reasons.

Comments are closed.

Read more

Local News

Discover more from Lusaka Times-Zambia's Leading Online News Site - LusakaTimes.com

Subscribe now to keep reading and get access to the full archive.

Continue reading