K150m released for council retirees
Published On May 13, 2022 » 812 Views» By Times Reporter » Latest News
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THE Local Authorities Superannuation Fund (LASF) has released K150 million for the payment of retirees’ pension arrears expected to address the plight of more than 5, 000 retirees.
Managing director George Chileshe said LASF targeted to pay K120 million to 1, 067 retirees who were owed lump sum benefits while K30 million would be paid to 4, 179 pensioners owed annual pensions.
“LASF already has commenced the processing of files and will commence disbursement by next week,” Mr Chileshe said yesterday in a statement.

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