• The statement that is circulating purporting that the Authority has run out of funds is false.
• NAPSA has sufficient liquidity to meet all its pre-retirement lump sum benefits payments.
• The Authority has an investment portfolio of K71 billion which has been invested in diverse asset classes.

National Pension Scheme Authority (NAPSA) has refutes social media reports purporting that it has halted payment of pre-retirement lump sum benefits due to insufficient funds.
In a statement, Authority Director General Muyangwa Muyangwa said NAPSA has sufficient liquidity to meet all its pre-retirement lump sum benefits payments as it has invested over 69 percent of the fund into liquid assets.
Mr. Muyangwa stated that the Authority has an investment portfolio of K71 billion, equivalent to US$ 3.3 Billion which has been invested in diverse asset classes including fixed and liquid assets to meet benefit payout obligations as and when they occur.
He said this entails that the Authority is able to easily meet its financial obligations either from fresh funds from contribution collections or maturities from its liquid instruments as and when they fall due, contrary to the social media assertions.
“The investment portfolio includes 69% in Government Securities and Fixed Term Deposits, 10.3% in Real Estate, 7% in Green Fields and 6.5% in Infrastructure, among others.”
“In anticipation of the amendment of the law to allow for the pre-retirement benefit, Management put in place measures to ensure that there was sufficient liquidity to finance expected claims. The statement that is circulating purporting that the Authority has run out of funds is therefore false and maliciously intended to cause unnecessary panic among the members and must be ignored with the contempt it deserves,” Mr. Muyangwa stated.
Meanwhile, Mr. Muyangwa revealed that the Authority has so far paid out K3.9 billion to over 128,000 members across the country since commencement of payment of the pre-retirement lumpsum benefits on 19th April 2023, from the estimated eligible 600,000 members.
“These payments will continue until all the eligible members who opt to access their pre-retirement benefit are paid. I would like to assure our members that we are ready to meet all our financial obligations and therefore there is no need to panic,” he added.