Muchinga Province Deputy Permanent Secretary, Brian Sichande, says stakeholder consultations on the Pension Reforms being undertaken is critical towards reviewing and refining the draft pension Bills.
Mr Sichande said reviewing and refining the draft pension Bills will build a shared vision for a sustainable and equitable pension system for all.
He made the remarks when he graced the provincial stakeholder consultative meeting on pension reforms in Chinsali district.
Mr Sichande noted that following extensive stakeholder consultations in the 10 provinces of Zambia in June 2025, three Bills were drafted namely the National Pension Scheme Bill of 2025, the Public Service Pensions Fund Bill of 2025 and the Local Authorities Superannuation Fund Bill of 2025.
He noted that among the key issues, the three proposed Bills aim to address inadequate benefits, low coverage, unsustainable funding models and disparities across pension schemes.
“With a common goal of improving the welfare of retirees, let us work together to find a mutual solution to the issues that are pointed out during this consultative meeting,” he said.
Speaking earlier, Member of the Steering Committee on National Pension Reforms, Francis Nyirenda, who is also Chief Executive Officer for the Public Service Pension Fund (PSPF), said the reforms intend to create a more equitable system where employees contribute to both National Pension Scheme Authority (NAPSA) and their respective pension funds, such as the PSPF, and the Local Authorities Superannuation Fund (LASF).
Mr Nyirenda added that those who were previously left out from the Public Service Pension Fund (PSPF) will now be able to join and access benefits, including loans, once the necessary legislative pieces are in place.
