Zambia. Retirement should be a happy time
RETIREMENT is for every worker, whether in full-time employment or otherwise, because one comes to the end of their strength and they have to rest.
The end of work, for most workers, means their assured source of income – the salary – also ceases to come.
That is why Government put in place pension schemes so that employees can have some sound financial stability during and after work life.
We have seen how some pension schemes have enabled employees, as contributors, to invest in property. Some employees have been able to build houses through their pension schemes.
This affords a contributor some sense of security in that one does not have to bother about where to live after their retirement and in this way, they are spared from destitution.
Government is interested in the welfare of a retiree as indicated by Minister of Labour and Social Security Joyce Simukoko when she noted that the current social security system needs urgent overhaul for failing to provide adequate social protection to workers during and after employment.
Full Content: Zambia Daily Mail
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