NAPSA says that most employers have not registered their workers

The National Pension Scheme Authority (NAPSA) has disclosed that most employers in Zambia have not registered their employees with the Authority in accordance with the Laws of Zambia.

NAPSA acting Director General Yollard Kachinda appealed to employers to ensure that they registered their workers with the Scheme to help secure their employees’ future life after they retire.

Mr Kachinda said this yesterday during a national sensitisation seminar for employers held at the Government complex in Lusaka.

He said NAPSA had put in place a number of measures to compel employers remit employees contributions to the Scheme.

He encouraged employers to consider remitting their employees contributions on time to NAPSA so that retires could access their funds on time.

“In most cases the delays to pay retires their benefits is as a result of the failure by some employers to remit these contributions to the Scheme on time,” he said.

He said some companies were defaulting in the remittance of employees’ benefits but that the Authority was pursuing these matters to ensure that employees remitted the funds for their workers.

And NAPSA director for Southern region Lloyd Chembe said the company’s investment portfolio currently stood at KR6 billion.

Mr Chembe said it was a mandate for every employer to remit five percent of employees’ benefits to the NAPSA regardless of the type of employment.

He said the Authority had seen an increase in the knowledge about the NAPSA from both employers and employees on the need to remit a certain percent of contributions to the Scheme.

“Anyone who is in employment, whether casual, full time contractual, a garden boy, a maid, a taxi driver or a bus driver is supposed to be registered with the Scheme,” Mr Chembe said.