Public Service Pensions Act, 1996 | Act 35 of 1996 — Zambia law | Esheria

Public Service Pensions Act, 1996

The Act may be cited as the Public Service Pensions Act, 1996, and it starts on a date appointed by the President by statutory instrument.

Jurisdiction
Zambia
Instrument
Act or statute
Citation
Act 35 of 1996
Version
Undated source snapshot
Language
en
Official source
View official record ↗
actuarial assessment actuarial valuation actuary administration appointment appointment qualification appointments asset investment assets benefit adjustments benefit administration benefit transfer restrictions benefits benefits adjustment benefits administration board composition board meetings board powers civil service classification committee administration commutation compensation contribution payments contributions +94 more

Statute overview

About this statute

The Act may be cited as the Public Service Pensions Act, 1996, and it starts on a date appointed by the President by statutory instrument. This section defines key terms used in the Act, including who counts as an appropriate authority, Board, child, dependent, officer, pension, pensionable emoluments, pensionable service, Public Service, and qualifying continuous service. The Public Service Pensions Fund Board is established as a body corporate with perpetual succession and a common seal, and it has powers to deal with property and do things necessary or incidental to its functions under the Act. The President must appoint the Board Chair from among Board members. Board members may resign with one month’s written notice, and the President may remove a member with like notice. A member’s office becomes vacant on specified incapacity, bankruptcy, detention, imprisonment, or notice-based resignation/termination events. The Board may regulate its own procedure and has detailed rules for meetings, quorum, voting, notice, and who may participate.

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