National Pension Scheme Authority (NAPSA) was established through an Act of Parliament, the National Pension Scheme Act of 1996. It came into being on 12th February 2000 following the transformation of the then Zambia National Provident Fund (ZNPF) which had been in existence since 1966.
NAPSA mandate is to act as the main vehicle for providing retirement and other social security benefits to workers in the country.
The main functions of NAPSA are to collect contribution income, invest this income and then distribute benefits when they fall due. In addition, the government has given powers to NAPSA to prosecute employers who fail to pay contributions to the plan. These multiple functions require that NAPSA has skills, systems and processes to meet the relevant demands imposed on it by legislation.