NAPSA and National Arts Council Collaborate to Launch Pension Scheme Tailored for Artists
27th June 2023 - In a landmark development for the Zambian arts community, the National Pension Scheme Authority (NAPSA) and the National Arts Council (NAC) have signed a Memorandum of Understanding (MoU) on 27th June 2023. This agreement aims to include artists in the national social security scheme, ensuring their financial well-being and providing them with much-needed support.
Under this new arrangement, artists will be required to contribute a minimum of K54 monthly to access the comprehensive social security benefits offered by NAPSA. The benefits package includes a funeral scheme, maternity scheme, and loan scheme, which will provide artists with financial assistance during times of need, as well as after retirement from the sector.
The MoU signing ceremony was attended by esteemed dignitaries, including the Minister of Youth, Sport, and Arts, the Minister of Labour and Social Security, permanent secretaries from the two ministries, the Director of Arts (MYSPA), the National Arts Council Director, and the NAPSA Director General. The event also saw the presence of prominent artists and members of the media, signifying the significance of this achievement for the arts sector.
This groundbreaking collaboration between NAPSA and NAC marks a major milestone, as it is the first time that a pension scheme specifically tailored for the informal sector, particularly artists, has been introduced. The initiative is set to positively impact the lives of countless artists, providing them with a reliable and sustainable source of income during their active years and ensuring their well-being in retirement.
Speaking at the event, Mrs. Bridget Malumba, President of the National Arts Council, expressed her gratitude and emphasized the importance of this initiative for the arts community. She highlighted that the inclusion of artists in the national social security scheme not only provides them with financial security but also recognizes their valuable contributions to Zambia's cultural landscape.
The collaboration between NAPSA and NAC reflects a shared vision to support and empower artists, acknowledging their vital role in shaping the nation's cultural identity. This initiative demonstrates the government's commitment to promoting the welfare of artists and ensuring their dignified livelihoods throughout their careers and beyond.
As the implementation of this pension scheme progresses, artists can look forward to greater financial stability, enhanced social protection, and the peace of mind that comes with knowing their future is secure. This historic partnership is expected to create a positive and lasting impact on the arts sector in Zambia, fostering an environment where creativity can thrive, and artists can flourish. For more information about the pension scheme and its benefits, please contact us at info.nama.zambia@gmail.com or contact the National Arts Council directly.
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