- May 8, 2023
- Posted by: Alice Mapulanga
- Categories: General, News
As of 7th May 2023, NAPSA has paid out a total of K2.5 billion to over 80,000 NAPSA members in pre-retirement lumpsum benefits since the exercise begun on 17th April 2023.
The money is a huge boost to the economy as a whole and to the individual contributors whose dreams to commence new or boost existing businesses can now become a reality.
“The Authority is delighted to be part of the solution to providing liquidity which is aimed at empowering NAPSA members and their families.
Our team is working to ensure that verification of member KYC details is speeded up so that all eligible claimants of the partial are paid in good time.,” said NAPSA DG Muyangwa Muyangwa.
The Director General is also glad that NAPSA members can now be served in more outlets including select ABSA and ZANACO branches following the signing of memoranda of understanding with the two institutions.