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.
where are your inspectors!!!!
you chaps at Napsa should review that useless policy of getting the money at 55..and you should be givi9ng us loans..ala..
blacky, I entirely concur with you! We should access our saved up benefits by 45 years, which is way past life expectancy for Zambians. Loans to members who also have permanent jobs should be available after a number of years.
I know my former employer never used to do that.Hope he has changed now.
so what action did u take, did you report them? If u did not then you are not helping the situation in anyway.
So what is NAPSA doing about it? There not even ashamed to come out in open to say this. This is like a guard telling his boss that he had a nice dream whilst working. Sleeping Napsa. Its your job through your inspectors to ensure this is being done.
NAPSA, just another Ponzi scheme!
Kachinda &chembe(vuvuzelas) need to be fired .Employ more inspectors.Your own garden boys & maids don’t pay Napsa,lead by example.
Mano yabuwele ayo why have employed the inspectors
Some employers must be prosecuted for theft
Ave worked for 5months the company doesnt remmit my money for NAPSA wat shod i do?
How many members are registered currently ???