WCFCB, Bank ABC sign MoU
Published On April 5, 2016 » 1687 Views» By Bennet Simbeye » Business
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By CHATULA KANGALI –
THE Workers Compensation Fund Control Board (WCFCB) and Bank ABC have signed a Memorandum of Understanding (MoU) aimed at facilitating the use of the pension wallet card for pensioners.
WCFCB pension wallet card will make it easier for pensioners to access their benefits from any bank in the country.
Manager corporate affairs and customer service, Maybin Nkholomba said in a statement that the MoU which was signed in Lusaka recently was a major milestone for the board.
Mr Nkholomba stated that the partnership would help to efficiently and effectively administer the employment injury scheme established under the Workers’ Compensation Act No 10 of 1999, of the Laws of Zambia.
Mr Nkholomba said the pension wallet would save as a method for WCFCB customers to draw their monthly pensions.
He said the institution currently had 20 customer service centres across the country, 24, 627 registered beneficiaries of which 17,250 are pensioners, 5,168 widows and widowers and 2,209 children.

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