Concerned Employees Ask Chakwera To Amend Pension Act

A group called Concerned Employees and Pensioners from both the private sector and civil service, has called on President Lazarus Chakwera to amend the Pensions Act of 2010.

According to the petition sent to the President, the group has called for pension funds to be accessed soon after calculations are done by insurance companies and that employees should have a choice of insurance policies to suit their needs.

In June this year, it was announced that pensioners will have to wait a little longer before getting their pension as the department of Accountant General attributed the delay to technical problems with the Integrated Financial Management Information Systems (Ifmis).

The department said pensioners were expected to receive their monthly pension on June 14, 2020 the official day.

“Due to this technical problem, pensioners will have a slight delay in receiving their monthly pension, latest by 17th June, 2020,” said the statement.