Kwacha Pension Trust Fund is a Single Employer Pension Trust that manages pension on behalf of its members, who comprise former and current employees of the Bank of Zambia.

Our Properties

Contacts

Stand No 5534
Corner Kakola & Libala Roads, Kalundu, Lusaka - Zambia

info@kptf.org.zm

+260 211 291 985

History and Background

The Bank of Zambia pension scheme was established in 1969 as a non-contributory Defined Benefit (DB) plan. In 1980, it transitioned into a contributory scheme, marking a significant shift in its structure. By 1992, the scheme was formally registered as a Trust Fund, strengthening its legal and operational framework. In 2006, it underwent rebranding and was renamed Kwacha Pension Trust Fund (KPTF). The following year, in 2007, the KPTF Rules were officially approved in line with the Pension Scheme Regulation Act of 1996, as amended, further reinforcing its governance and compliance standards.

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About KPTF

The KPTF Board of Trustees is composed of eight (8) Trustees. Of the 8, four (4) are Sponsor appointed, three (3) are Member elected Trustees, and one (1) is a Union Member representative. Each Trustee can serve a maximum of two consecutive three-year terms.

The Fund is regulated by the Pensions and Insurance Authority (PIA). In addition to the Fund Rules and Trust Deed, the Board of Trustees carry out their mandate based on the Pension Scheme Regulation Act (PSRA) of 1996, as amended, and the PIA Corporate Governance Guidelines.

Vision

A financially sustainable member-centric pension fund

Mission Statement

To deliver pension benefits to Members in a prudent, efficient and timely manner through sound management of the Fund

Core Values

  • Professionalism
  • Respect
  • Accountability
  • Integrity
  • Stewardship
  • Equity.