If you’re a resident of Zambia, you might be familiar with NAPSA’s pre-retirement benefit, commonly known as partial withdrawal. This pension scheme is designed to provide financial assistance to employees who have contributed to NAPSA for a certain period of time.
Starting from April 17th, 2023, employees who meet the qualifying criteria can claim their NAPSA partial pension. To be eligible, you must have made contributions for at least 60 months, regardless of your age at the time of claiming. Alternatively, if you’re 45 years or older, you can claim the benefit regardless of how much you’ve contributed.
The entitlement for the NAPSA partial pension is 20% of your total contributions, which will be indexed with interest. This means that the longer you’ve contributed to NAPSA, the higher your entitlement will be. However, it’s important to note that the frequency of withdrawal is a one-off event, so you’ll need to plan accordingly.
To claim your NAPSA partial pension, you’ll need to follow a few simple steps. First, you’ll need to fill out an application form and provide supporting documentation, such as your national ID card or passport, and your NAPSA membership card. Once your application is processed and approved, you’ll receive your payment in a lump sum.
Don’t miss out on this opportunity to secure your financial future with the NAPSA partial pension. If you meet the qualifying criteria, make sure to apply as soon as possible to start enjoying the benefits of your hard work and contributions.
Step By Step How to Claim Your NAPSA Partial Pension
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