-ZNUT complains over pensions fund loans

Banner 3
Banner 3

-The Zambia National Union of Teachers (ZNUT) in the northern province is concerned about the complicated  procedures  in accessing loans from the Public Service Pensions Fund (PSPF).

This is contained in a press statement to ZANIS  in Kasama today by the provincial chairperson Jonas Musonda.

Mr Musonda said that the union will not condone the victimization of its members who joined the service starting from the year 2000 to date.

He explained that the teachers have been contributing to the pensions fund and hence need to benefit from this loan scheme, which PSPF is providing.

Mr Musonda added that it is not fair that a teacher who has been contributing to the scheme for 13 years cannot benefit from the loan scheme.

He has since appealed for an explanation from the public service pension’s fund.

And some civil servants bemoaned that the loan conditions are stiff which may force some people to continue borrowing from commercial banks.

They have since appealed to the scheme managers to ensure that the public is well informed about the matter.