Eligibility

According to Pensions Act 35 of 1996, an officer can only commute a maximum of two-thirds of the unreduced pension for his/her gratuity.

Basic Monthly Pension is the remaining 1/3 of the Unreduced Pension.

i) Unreduced Pension

The product of this formula is known as Unreduced Pension.

According to Pensions Act 35 of 1996

ii) Gratuity

 2/3 x Unreduced Pension x Age factor

An officer can only commute a maximum of two-thirds of the unreduced pension for his/her gratuity.

Basic Monthly Pension is the remaining 1/3 of the Unreduced Pension.

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FAQ’s

WHO IS ELIGIBLE FOR MONTHLY PENSIONS

The Public Service Pension Act, provides for a monthly pension when qualifying member retires or dies. Monthly pension upon death of a member is payable to that members survivor’s i.e spouse(s) and children under eighteen years old.

WHEN DOES MONTHLY PENSION COMMENCE?

Monthly pension is effective the day after a members’ retirement and pension to survivors is effective the day after the death of a pensioner to whom a pension was payable.

CAN I RECEIVE MONTHLY PENSION BEFORE PAYMENT OF LUMP SUM ?

Yes you can, provided that your case has been assessed and audited pending payment of lump sum.

DOES THIS MONTHLY PENSION STOP?

Yes it does. Monthly pension is a lifetime allowance,When you die the pension ceases too. However, your surviving spouse(s) and children , as long as they are below the age of 18, are entitled to a spouse and children’s pension respectively. If your spouse dies or remarries, the pension ceases. Children’s pension is paid via a guardian or custodian and it ceases when they reach 18 years old.

WHAT IF A PENSIONER OR SURVIVOR DECIDES TO CHANGE HIS OR HER PAY POINT?

A Pensioner or Survivor can request in writing to PSPF for a Monthly Pension Forwarding Address Form. This form can be obtained from Public Service Pensions House in Lusaka  or ZANAPA offices located in Districts and Provinces.

WHAT ARE THE POSSIBLE CIRCUMSTANCES THAT WOULD LEAD ONE TO CHANGE HIS OR HER PAY POINTS?

(i) Relocating to another place permanently.

      (ii) If a bank raises the account balance to unaffordable amount

      (iii) Closure of a bank through which one receives his or her monthly

       pension.

      (iv) If the service is unsatisfactory

 WHAT PROBLEMS WOULD ARISE IF ONE DOES NOT INFORM PSPF ABOUT CHANGE OF PAY POINT?

The monthly pension could be sent to            a wrong  pay point and subsequently returned to PSPF with bank charges. This would result in inconvenience by the pensioner and delayed payment of monthly pension. It is vital therefore to advise PSPF about the new pay point before closing the old one.

WHICH FINANCIAL INSTITUTION ARE SUITABLE TO OBTAIN MONTLY PENSION FROM?

The Public Service Pensions Fund (PSPF) encourages its members to open bank accounts from the following financial institutions for the purpose of obtaining monthly pension.

(i) Zambia National Commercial  Bank (ZANACO)

(ii) National Savings and Credit  Bank

(iii) Invest Trust Bank

(iv) Finance Bank

(v) ZAMPOST

WHAT SHOULD THE SURVIVING FAMILY DO WHEN A PENSIONER DIES?

The family should appoint an administrator through a court of law. The administrator in turn contacts the PSPF and submits the following documents:

  1. a) Order of appointment issued by a court of law.
  2. b) Death certificate or burial permit in respect of the deceased pensioner. For deaths that occur in remote areas where it is impossible to obtain such documents, a letter stamped and signed by a local Chief and endorsed by an officer in charge of a nearest police station is acceptable.
  3. c) Marriage certificate or affidavits of marriage sworn by the deceased pensioner.
  4. d) Birth certificates or under-five-cards for all children under 18 years old.
  5. e) Names and NRC numbers for all the beneficiaries above 18 years old.
  6. f) Divorce certificate (where applicable)
  7. g) Photocopies of NRC for the deceased pensioner.
  8. h) Bank details and address of all the beneficiaries.

WHAT CAN HAPPEN IF THE ADMINISTRATOR MISUSES OR SQUANDERS BENEFICIARIES’ MONEY (MONTHLY PENSION)?

It is a crime to squander monies for beneficiaries. According to the Intestate Succession Act number 5 of 1989, Part iii, Section 35, an administrator who misuses monies intended for beneficiaries can be imprisoned. The family should report the erring administrator to the Victim Support Unit of the Zambia Police Service. The family should ensure that the chosen administrator is trustworthy, responsible, honest and committed.

WHAT IS THE ROLE OF THE ADMINISTRATOR?

The administrator is not a beneficiary of the deceased pensioners’ estate. He is merely a custodian of the late pensioners’ estate. His role is to ensure effective distribution of the estate in accordance with the rights of the beneficiaries.

However, there are instances where the administrator is a spouse. In this case, he or she is a beneficiary of the late pensioners’ estate. There are other intances where monthly pension for children below 18 years old is paid through their guardian who may also be an administrator.

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