The National Pension Scheme Authority (NAPSA) was created by an Act of Parliament “The NPS Act” No. 40 of 1996 to provide social security cover to all eligible employees in Zambia in case of retirement, invalidity or death. Since commencement of operations in February 2000, NAPSA has largely focused on the formal sector. However, this sector constitutes only 16 percent (950,000 people) of the total employed population of 5.8 million people (Zambia Labour Force Survey Report, 2014). The remaining 84 percent is made up of employees from the informal sector. 

The National Pension Scheme Authority (NAPSA) was created in 2000 by the Act of Parliament number 40 of 1996 to administer the National Pension Scheme. The Authority's key mandate includes the registration of members, collection of member contributions, prudent investment of the contributions, and the payment of benefits when they fall due. The Authority is also mandated by law to enforce compliance by employers to the provisions of the Act.

The National Pension Scheme Authority (NAPSA) was created in 2000 by an Act of Parliament number 40 of 1996 to administer the National Pension Scheme. The Authority’s key mandate includes; registration of members, collection of member contributions, prudent investment of the contributions, and to pay benefits when they fall due.

The National Pension Scheme Authority (NAPSA) was created in 2000 by an Act of Parliament number 40 of 1996 to administer the National Pension Scheme. The Authority’s key mandate includes; registration of members, collection of member contributions, prudent investment of the contributions, and to pay benefits when they fall due.