Defined Benefits Scheme

It is also known as a “Final Salary” Pension Scheme.
The retirement benefit is payable at the age of 55, based on one’s final salary, length of service and accrual factor.
It is calculated using an actuarially determined formula.
This scheme was administered By Mukuba Pension Trustees from 1982 to 2011 when it was closed off to new members.

About Us

Mukuba Pension Trust is the oldest occupational Pension Scheme set up by ZCCM-IH and the Mine Workers Union of Zambia (MUZ) in 1982 to manage the retirement benefits of the mining industry. The Trust is incorporated as a Trust under the Lands (Perpetual Succession) Act.