FOR IMMEDIATE RELEASE

NAPSA DISBURSES K9.1 MILLION IN INTEREST-FREE ADVANCES TO 565 PENSIONERS

Lusaka, Zambia, 11 August 2026 - The National Pension Scheme Authority (NAPSA) has successfully disbursed K9,137,772.92 in interest-free advance pension payments to 565 pensioners within three days of launching the facility on 8 August 2026, marking a significant milestone in the implementation of the country's recent pension reforms.

The highest amount paid so far is K17,454.37, while the lowest is K2,000.00 and the average being K16,178.37. The advances have provided much-needed relief topensioners, enabling many to meet pressing financial obligations without incurring additional debt. The interest-free advance payment facility is one of several membercentred reforms introduced under the new NAPSA Act 72of 2026 to enhance social security benefits and improve the welfare and dignity of pensioners. A total of 34,000 pensioners are eligible for the interest-free advances as at 1 August 2026. Commenting on the achievement, NAPSA Director General, Muyangwa Muyangwa has commended the Government of the Republic of Zambia, through the Republican President, Mr Hakainde Hichilema for championing the pension reforms and the Board of Trustees for its strategic oversight in ensuring the timely implementation of the new pension provisions. He said:

“We are grateful to the Government through the Republican President, Mr Hakainde Hichilema and to the Board of Trustees for their support in making these enhancements possible and reaffirm our commitment to implementing all new benefits and products for the benefit of our members. The strong uptake of this facility demonstrates the positive impact of the reforms on the lives of pensioners.”

The recent pension reforms introduce several key enhancements, including free advance pension payments, enhanced minimum pensions that have positively impacted 17,806 pensioners, the 30 percent retirement lump sum, improved accrual and income replacement rates and the rollout of new supplementary savings and pension products designed to strengthen retirement security. NAPSA remains committed to delivering innovative social security solutions that improve the livelihoods of members and contribute to a more secure and dignified retirement for all.
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For media enquiries please contact:
NAPSA Head Corporate Affairs
Cephas Sinyangwe
Email: info@napsa.co.zm
Telephone: +260211395000

About NAPSA
The National Pension Scheme Authority (NAPSA) is a statutory institution established by an Act of Parliament, the National Pension Scheme (NPS) Act Number 40 of 1996, to provide social security to all workers in Zambia, ensuring they live dignified lives post-retirement. It achieves this by collecting member contributions, which are prudently invested in various sectors of the economy for returns and growth of the fund. This ensures the Scheme's sustained ability to pay meaningful benefits to its members. The Authority also plays a critical role in contributing to national economic development through its investments, with digital transformation at the core of its operations to enhance efficiency and service delivery