Defined Contribution

This pension scheme operates like an investment, it does not guarantee a specific level of benefits at retirement. The retirement package is dependent on how much an individual contributes into the scheme, the subsequent investment performance and the annuity rates secured at retirement.

Individual contributions are comprised of the employer contribution and employee contribution rates. Contribution rates are very flexible and vary among employers with the minimum rates pegged at 5% employee and 5% employer. This scheme has the following advantages;

  • Offers retirement savings
  • The return on accumulated fund credit is higher than making an individual bank savings
  • Pension is separate from employer and hence not affected by employer specific risks
  • Secure refund of both employer and employee contributions plus interest
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Defined Contribution
Mukuba Pension Trust
Mukuba Pension Trust
Commercial property
Founded in 1982, Mukuba Pension Trust is the leader and the oldest occupational pension scheme in Zambia providing a fresh and innovative approach to pension services. Their goal is to exceed the expectations of every client by offering outstanding customer service, increased flexibility and greater value. Mukuba Pension Trust also offers commercial property for rent and a variety of investment products with high returns in short, medium and long term investments strategies.
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