PIA Calls for Reflection on Transition in Pensions and Social Security
Written by Mafken FM Newsroom on 8 November 2024
By Respite Kaoma
The Pensions and Insurance Authority (PIA) has emphasized the need for reflection on the evolving pensions and social security landscape in the country.
Speaking at the annual pre-retirement workshop, PIA Deputy Registrar Goodson Kapaso highlighted that, historically, retirement planning largely fell under government responsibility. However, changing employment demographics now call for a shift in this approach.
Mr. Kapaso noted that the common advice to start saving for retirement from the first paycheck may be outdated, as a significant number of citizens may never receive a formal salary in their lifetime.
He has urged employees to look to the future with optimism, pointing to recent positive developments in the pensions industry.
