NAPSA Disburses K10 Billion in Partial Withdrawals
The National Pension Scheme Authority (NAPSA) has announced a major milestone in financial inclusion and economic empowerment, having paid out K10.1 billion in partial withdrawals to 487,389 eligible members since the launch of the benefit in April 2023.
The payout represents a significant development in Zambia’s pension system, providing citizens with timely access to part of their retirement savings to improve their lives and livelihoods.
According to the Authority, of the total K10.1 billion disbursed, K6 billion stemmed from members’ raw contributions, while K4.1 billion — accounting for 41% — was from interest and indexation. This highlights the strength and growth potential of long-term pension savings under the current scheme.
The breakdown of beneficiaries reveals a notable impact across key demographic groups. Women account for 76,980 of the recipients, having received a total of K1.7 billion, while 104,293 youths benefitted to the tune of K1.2 billion. The initiative has provided financial relief and opened doors to economic opportunities for many Zambians.
NAPSA Director General reaffirmed the Authority’s robust financial position, emphasizing that the scheme remains both liquid and sustainable across all benefit categories. He cited a substantial 31% increase in fund value from K67 billion in December 2023 to K88 billion in December 2024, further underscoring the Authority’s sound investment strategy and fiscal health.
The partial withdrawal initiative, inspired by President Hakainde Hichilema’s vision of economic empowerment, has had tangible economic ripple effects. Beneficiaries have invested in various sectors including real estate, small-scale poultry farming, trading, and financial instruments such as government bonds and treasury bills — all contributing to national economic growth and job creation.
