• Pre-retirement partial withdrawal of benefits is a good idea.
• In modern and emerging economies, retirees play a major role in contributing to economic development.
• They use their retirement packages to reinvest.

Civil Society for Poverty Reduction (CSPR) says retirees play a major role in contributing to economic development in modern and emerging economies.
Speaking in an interview with Money FM News, Organization Board Member Partner Siyabutuba stated that this is because retirees use their retirement packages to reinvest, hence they become part of the development agenda.
Mr. Siyabutuba welcomed the proposed introduction of pre-retirement partial withdrawal of benefits under the National Pension Scheme Authority (NAPSA).
“It’s a good idea because when you are talking about social security, we must not wait until the physical security of a person cannot hold any activity for them to survive. In modern and emerging economies, retirees play a major role in contributing to economic development. They use their retirement packages to reinvest and they basically become part of the development agenda, so we must see retirees like that.”
“Social security means that when you are still a bit energetic you don’t get into vulnerability but the payment mode of retirement has been in such a way that even if your retirement is ready for you, you have been finished literally that there is nothing that you can do to be productive,” Mr. Siyabutuba said.
He added that getting part of the retirement package while one is still energetic will enable the beneficiaries to use the money for productive activities.
“So if you get your money now when you are still able to be productive, you are able to use your money for productive activities because at this particular point you still have the energy,” he stated.
Recently, Presidential Spokesperson Anthony Bwalya said consultations on the proposed introduction of pre-retirement partial benefits withdrawal under the National Pension Scheme Authority (NAPSA) have progressed.
Mr. Bwalya said the Ministry of Labour and Social Security has made progress regarding discussions on the pension reform agenda, adding that the option of the partial withdrawal of pension contributions is for specific purposes, including investment in businesses and diversification of retirement income.