- February 1, 2018
- Posted by: Simangolwa Muyunda
- Category: News
Following the increase in the National Average Earnings figure to K 4,975.00 as computed by the Central Statistical Office, the National Pension Scheme Authority wishes to inform all employers and the general public that the Social Security Ceiling for the period 1st January 2018 – 31st December 2018 is K 19,900.00.
Accordingly, the maximum monthly deductible contribution from an employee’s monthly earnings for the period is K 995.00 while the maximum monthly payable contribution for each employee representing the employer and employer share is K 1,990.00.
Employers can download the social security contribution tables on the Authority website: www.napsa.co.zm