Employee Benefits in Zambia 2017

Market: Financial Services

Zambia, 38 pages report, published by GlobalData

Report ThumbnailFebruary-2018
Employee Benefits in Zambia 2017

Summary

The Zambian social security system is based on the social insurance model and provides protection against income loss due to retirement, disability and death. All employed individuals in the formal sector are required to contribute to statutory pension scheme. Individuals not covered by the scheme can contribute voluntarily. The insurance industry’s growth was recently affected by bottlenecks such as its legal framework, fiscal regime and investment cli

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  • List of Figures
  • Figure 1: Zambia - Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Zambia - Country Statistics
  • Table 3: LASF Member - Annuity
  • Table 4: PSPF Member - Children Survivor Benefits
  • Table 5: PSPF Member - Children Survivor Benefits When Member Leaves No Spouse
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN ZAMBIA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Pensionable salary
  • 6.1.6 Benefits
  • 6.1.7 Payment Options
  • 6.1.8 Employee and employer contributions
  • 6.1.9 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2.3 Benefi
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