The National Pension Scheme Authority (NAPSA) says about K30 billion in employers’ contributions remained outstanding as of December 2025.
Speaking during a media engagement in Lusaka on Wednesday, NAPSA Managing Director Muyangwa Muyangwa says the unpaid contributions have accrued penalties amounting to K1.5 billion.
Mr. Muyangwa has encouraged employees to engage their employers and ensure that NAPSA obligations are met to avoid challenges when accessing retirement benefits.
He has also appealed to employers with outstanding contributions to take advantage of the penalty waivers being offered by the authority to settle their balances and secure their employees’ future benefits.
Meanwhile, Mr. Muyangwa says NAPSA contributions increased to K10.4 billion in 2025, surpassing the K10 billion target.
He has added that the Authority’s investment portfolio also grew to K113.5 billion in 2025, exceeding the projected K95 billion.
Looking ahead, NAPSA says its aims to grow its net assets to K133 billion in 2026 by increasing contributions to K12.5 billion, achieving investment returns above 14 percent per annum, and maintaining administrative costs within 13.5 percent of contributions to ensure long-term sustainability.
Additionally, the Authority has disclosed that it has so far financed investments amounting to USD700 million for the benefit of the Zambian people.
NAPSA says it is also opening up parts of its investment portfolio to allow Zambians to own shares in some of its assets.
By Prudence Chota
