National Pension Scheme Authority - NAPSA

NAPSA HEADED FOR GROWTH AS MEMBERS ANTICIPATE NEW AND ENHANCED PENSION PRODUCTS

The National Pension Scheme Authority (NAPSA) Director General Muyangwa Muyangwa has assured NAPSA members and the public that the Authority is growing and contributing significantly to the national economy as it also works to improve its suite and level of benefits.

Speaking during the 2026 Zambia Institute of Marketing Conference in Livingstone, Mr Muyangwa called on citizens to embrace the new NAPSA and its new social security products that are in the pipeline, aimed at enhancing financial independence and securing the future of workers across different sectors.

Mr Muyangwa took the opportunity to create awareness among marketing professionals drawn from across the country about the Authority’s ongoing pension reforms and new and diversified products that are on the way.

Among the key pension reform areas include:
- Increase in minimum pension from 20% to 25% of National Average Earnings
- ⁠Increase in Funeral Grant by 25% in 2026
- ⁠Increase in income replacement rate from 40% to 45%
- ⁠Introduction of advance payment to pensioners, among others.

On new pension products, the DG highlighted the Supplementary Savings Product, which targets members that wish to supplement their servings as well as self-employed individuals seeking to secure their retirement savings.

He also spoke about the Diaspora Savings Product, designed to enable Zambians living abroad to save towards a secure and dignified retirement back home.

Additionally, he highlighted the Zambia Kuchalo Wealth Fund (ZKCWF), an investment vehicle that will allow Zambians, including those in the diaspora, to co-invest alongside NAPSA in various investment opportunities.

The Director General emphasized that the pension reforms and new products are intended to broaden social security coverage, promote a culture of saving and provide flexible investment opportunities for citizens both locally and abroad.
He urged citizens to prepare for the new developments by signing up on ICARE platform and keeping the accounts up to date.

Africa is our home. As we commemorated Africa Freedom Day, we proudly embraced the beauty of our culture, diversity, and heritage through vibrant traditional wear. We continue to honour our unity, resilience, and the spirit of hard work that drives our continent’s growth and progress.

At NAPSA, we remain committed to securing your future and serving you better every day. Access our services anytime, anywhere via https://icare.napsa.co.zm

Join NAPSA’s employer webinar on strengthening partnerships for a secure retirement future. Learn about compliance requirements, contribution management, return submissions, and employer obligations.

Date: Wednesday, 27th May 2026
Sessions: 09:30 AM or 14:00 PM

Click here to join: https://teams.microsoft.com/meet/365408588786285?p=0psmQ15VyMMnquBrDp

Happy Africa Freedom Day! 🌍🇿🇲

Today, we celebrate Africa’s unity, resilience, and progress. NAPSA remains committed to securing your future every step of the way.

Join Our Team.
Elevate Your Career.

The National Pension Scheme Authority (NAPSA) invites applications from suitably qualified individuals for the following positions:

Project Associate – Data Cleanup (2-Year Contract) – NC 06 (X10)
Support Analyst – IT Service Management (5-Year Contract) – NC 06 (X1)

Applications should be submitted by 4th June 2026.

All submissions should be made via the Authority’s eRecruitment portal using the link: careers.napsa.co.zm

Hard copy submissions will not be accepted.