PRESIDENT HICHILEMA SIGNS PENSION BILLS INTO LAW
PRESIDENT
HICHILEMA SIGNS PENSION BILLS INTO LAW
President
Hakainde Hichilema on 4th June 2026 signed into law four landmark
Pension Bills aimed at transforming Zambia’s pension system through enhanced
benefits, improved access to retirement savings, and strengthened
sustainability of pension schemes.
The
Bills signed into law are the Public Service Pensions Bill, 2026, the National
Pension Scheme Bill, 2026, the Local Authorities Superannuation Bill, 2026, and
the Pension Scheme Regulation (Amendment) Bill, 2026.
Speaking
during the signing ceremony at State House, the President described the
occasion as a significant milestone for the people of Zambia. He commended all
stakeholders, including employers, labour representatives, and the government
institutions, for their commitment and collaboration in developing and
finalising the legislations.
The
President emphasized that the enactment of the pension laws formed part of his
government's broader reform agenda aimed at transforming Zambia’s economy,
strengthening social protection systems, and improving the welfare and
livelihoods of citizens.
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