NAPSA Reforms Strengthen Protection for Families of Deceased Members

The National Pension Scheme Authority (NAPSA) said newly enacted pension reforms will enable more families to benefit from the savings of deceased members.

Muyangwa Muyangwa, NAPSA Director General said that these reforms have significantly improved survivor benefits, allowing spouses and children access to better support when a contributing member dies.

Mr Muyangwa said that the new initiative means that surviving spouses of eligible members will continue to receive pension payments to have a source of income after the contributor’s death.  

Speaking on ZNBC's Sunday Interview, Mr Muyangwa said children will qualify for survivor pensions up to the age of 18, while those pursuing further education will continue receiving support until the age of 25. He emphasised that a key issue has been sorted out and that “reforms are not the destination but the journey.”

He added that retirees are now able to get an advance where within 24 months there will be no interest charged, granting those with financial independence.

Mr Muyangwa explained that the new law enables benefits to pass through the estate of a deceased member, with appointed administrators authorised to process claims for beneficiaries.