NAPSA prosecutes 180 companies in Lusaka

The National Pension Scheme Authority (NAPSA) says it has prosecuted 180 companies in Lusaka for failing to remit workers’ statutory contributions.

NAPSA acting Director of Contributions and Benefits Mason Mwiinga says the non remittance of pension contributions is threatening the long-term financial sustainability of the authority.

Mr. Mwiinga says NAPSA is mandated by law to administer and enforce provisions of the National Pension Scheme Authority Act by ensuring that employers comply with the provisions of the Act.

Speaking when he officiated at a seminar for workers in Lusaka today, Mr. Mwiinga explained that according to the NAPSA Act. No 40 of 1996 of the laws of Zambia, any employee with an income of K15 is eligible to contribute to the authority.

Mr. Mwiinga further says the authority was formed to provide income security against the risk arising from retirement and death hence the need for everyone to remit workers’ contributions.

He adds that the Authority will soon launch the E-collection system and My NAPSA which will help workers to check NAPSA statements online.