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The Minister of Labour and Social Security, Hon. Brenda Tambatamba, MP, has officially launched the 2024 Pensions Awareness Week (PAW), a campaign aimed at raising public awareness on the importance of preparing and saving for retirement through pension schemes.

The awareness week, which runs from November 4 to 9, 2024, is being held under the theme “Empower Your Future: Dignify Your Retirement with a Pension.”

In her address during the launch at Southern Sun Hotel, Minister Tambatamba highlighted the importance of encouraging individuals to save for their future through pension schemes, as a way to foster a culture of financial responsibility and independence.

In his welcoming remarks, Mr. Nchimunya Monde, Chairperson of the Zambia Association of Pension Funds (ZAPF), urged citizens to take control of their finances today to ensure a stable future. He also expressed optimism about the completion and enactment of the draft Pension Scheme Regulation Act (PSRA) bill, which will pave the way for micro-pensions to serve previously underserved markets.

Mr. Peter Banda, Board Chairperson of the Pensions and Insurance Authority (PIA), emphasized the role of financial literacy in achieving a dignified retirement.

He affirmed PIA’s commitment to making pension information accessible to all Zambians and encouraged pension service providers to conduct regular awareness campaigns to promote financial security and literacy, given the complexities of pension fund management.