K242 MILLION RELEASED FOR EMOLUMENTS, COMPENSATION & AWARDS, AND PENSION CONTRIBUTIONS The Ministry of Finance has released K242 Million for April salaries for civil servants, compensation and awards, pension employers share to NAPSA, pension employers share to the Public Service Pensions Fund and for personal emoluments in Zambia’s Missions Abroad. Consistent with government’s objective of strengthening cash and treasury management, all civil servants salaries are on the Direct-Debit and Credit Clearing [DDAC] System. This entails the receipt of salaries by civil servants within 24 hours of release by the Treasury, in accordance with the terms of reference given to various commercial banks through which civil servants get their pay. Of the K242 Million, K135 Million has been released to various institutions for salaries for civil servants, K31 Million to the Ministry of Foreign Affairs for emoluments for staff serving in Zambia’s missions abroad, K30 Million to the Ministry of Justice for cases of compensation and awards, K25 Million as Pension Employers Share to NAPSA and K21 Million as Pension Employers Share to the Public Service Pensions Fund.
Posted on: Fri, 25 Apr 2014 15:14:52 +0000
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