By MacPherson Mukuka
The debate on
the proposed upward adjustment of the retirement age by Government from 55 to
65 has continued. Some people spoken to feel those who are not yet employed
will a likely to stay for a long time without finding jobs whilst those in
employment may die before they retirement bearing in mind the nation’s life
expectancy.
Meanwhile, a
public forum was yesterday held in Lusaka under the auspices of the Labour
institute of Zambia with financial support from the Friedrich Ebert Stiftung
Foundation (FES), with the main aim of strengthening social dialogue
on the review of the retirement age policy.
The forum was
attended by various stakeholders in the labour sector, including the biggest
employer, the government.
And Government has
expressed hope that the retirement age policy reforms will inevitably lead to
pension reforms in the country.
Labour and
social security’s deputy Minister Rayford
Mbulu says there are challenges with the existing social security systems
which Government is set to fix through wholesome reforms.
He said,
government believes that there many positives associated with the policy
especially at this time when the nation’s Gross Domestic Product is rising.
Mr. Mbulu added
that another positive that a longer retirement age is likely to bring is
affordability repayment terms for house loans.
The deputy
Minister further pointed out that Government has embraced the policy of home
empowerment for workers which has resulted in the rise of the Mortgage market.
And FES
programmes Manager Cathy Sikombe has
pledged her organisations continued support to different stakeholders in the
labour sector on matters on labour reforms.
Meanwhile,
Labour Institute of Zambia Executive Director Clement Kasonde says his organization’s aim is to bring together
various stakeholders from the labour market to dialogue in order for all the
players to benefit from all labour reforms whilst putting government on the
centre of the discussions.
The debate like
any other needs total participation from all stakeholders if positive results
are to be obtained.