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K278 Billion Released For Pensioners
The Ministry of Finance has released K278.1 Billion to the Public Service Pension Fund of which K258 Billion were outstanding pension contributions owed by the state.
Ministry of Finance public relations officer Chileshe Kandeta in a statement released to QFM News today says this is in line with Government’s policy of liquidating all outstanding pension contributions.
Mr Kandeta says as a Ministry, they are confident that this measure will help fulfill the promise made by President Michael Sata during the official opening of Parliament in October 2011; to pursue all possible means of ensuring dignified lives for all citizens.
He says the release of outstanding pension contributions will definitely help to ensure that the majority of public service workers who were left in destitution upon retirement begin to get their dues after years of waiting.
He adds that this is a Clear indication that Governments’ promises are beginning to fall in place.
Mr Kandeta says Government sympathizes with the families of those who died without receiving their terminal benefits, and that it is for this reason that the public service pensions fund is being urged to ensure that, where facilities exist at provincial level, payments should be made as close to the beneficiaries as possible.
Posted by Editor
on September 6, 2012. Filed under LATEST NEWS.
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Hambuba Munkombwe
September 6, 2012 at 6:24 am
Ba “headless” opposition, MUKOSE!
Kingzo
September 6, 2012 at 6:42 am
That is the way to go PF and this money should be given to our parents on time.We cannot do everything at once but we are making strides to better the citizens.
isaac
September 6, 2012 at 9:07 am
Am rather hearing for the first time a sitting govt is realing such a huge mount of money probably since indepenence. Thump up PF.Again 42bn for NCZ in Kafue pls rehabilitation of the company PF is doing wonders coz Rome was not built in a day. Pipo (retirees)had been dying before getting their money now PF is acting like a redeemer.
Snoopy doggy doggy
September 6, 2012 at 9:33 am
mukose ba under 5, rome was not built in one day
Akapondo
September 6, 2012 at 10:02 am
Hehe so my mother and father ar geting the money…Thats why i voted for PF and i wil do it again….Go Go PF
Mosquito
September 6, 2012 at 10:17 am
Good move GRZ lets help our poor pensioners, it is their money and they are entitled to it. They really worked for it.Give them nga kunwena bakanwene abene.
Sinyangwe
September 6, 2012 at 10:23 am
Fantastic FP keep it up,Never west much of time with these selfish politician’s.Concetration on development.
fekam-Defender of the gospel
September 6, 2012 at 10:41 am
Its a dream come true-living waiting to die when all hope is lost. suddenly manner drops. what shall I say
Pension Information !!
September 6, 2012 at 12:13 pm
Guys i just need some info,where does one start from if you want to claim monies that has been left by my late mother,was a nurse and it has been about 16 years from time she died…could they have written it off??? Any1 with info guys out there…?
NKOLE
September 6, 2012 at 1:35 pm
this is a good move but make 3 months after a person retires he or she must get his benefits it should be a mandet .
FOUNDER
September 6, 2012 at 1:39 pm
@PENSION INFO….MWANA, I KNOW D SAYING GOES…NKHOGOLE SIOLA, BUT 16Yrs IT FAR GONE. NO DISRESPECT TO U OR YOUR DEPARTED DEAR MOTHER, BUT I THINK THE STATUTORY LIMITATION TO CLAIM HAS FAR PAST. I MIGHT BE WRONG N YOU CAN CHECK WITH PENSION BOARD. GOOD LUCK N MHSRIP!
Posh
September 6, 2012 at 2:07 pm
King Combra is doing wonders,kip it up PF dats wat we wnt.Long live MCS
chaco
September 6, 2012 at 2:10 pm
shikulu ulebomba
chacho
September 6, 2012 at 2:10 pm
shikulu wabomba!
ONE NEKA
September 6, 2012 at 2:41 pm
Thats the perfect way to do it ba pf God grant you some more wisdom.Bless up
Tupac
September 6, 2012 at 3:11 pm
Haterz boseni bafikala mabolo yenu u ill neva succeed matole yenu unless u change finyo fyenu.Fack u hataz and yo mathafackn trybz.
Spinner87
September 6, 2012 at 3:50 pm
@Tupac, was that necessary i mean let em bark coz they are used to do that. and we PF die hards can continue to embrace what MCS is doing for the land by the Guidance of the Most High (Almighty God). lets decist from insults and name calling like under 5 does ohh sorry Hakainde Hichilema.
dddddddddddd
September 6, 2012 at 3:54 pm
he is not fulfilling his promises landeni ba UPND nganakufwa Tongas undder oath
pa boat
September 6, 2012 at 5:45 pm
Let them talk while we work gogo zambian mandela I said it am saying again-MCSata zambian mandela tulebeba
shakira wapa zed
September 6, 2012 at 5:52 pm
GIVE TO CAESAR WHAT BELONGS TO CAESAR!
The Bystander
September 6, 2012 at 7:24 pm
That’s not much, A retired teacher gets about half a billion as pension, now how many will be paid? How many ministries will pay their former employees? As a former civil servant i hoped for more than this.
P Jay
September 7, 2012 at 1:13 am
@Bystander, read the story again. What do you mean it’s not much? The Pnsions funs were owing K258 billion and they have been given K278 billion meaning they will pay everyone with K20 billion to spare as they build moree reserves so people are paid immediatel they retire.
Good work PF and hats off to MCS (Muntu Chachine Sata)
isaac
September 7, 2012 at 9:25 am
Bystander, i somehow wonder what he really means its nothing? A journey of 1000 km starts with one step. Has he heard of such amount of money during Rupiah’s time? Bystander should unerstand that govt has so many areas to tackle think of NCZ the govt has disbased 42bn in the same week. I think lets learn to appreciate coz almost every part of our country needs funding.So PF thump up and bravo to the president.
TWACHULA
September 7, 2012 at 10:24 am
Good move indeed. I will only believe it after I am paid.