Funeral Scheme Excites Civil Servants

Funeral Scheme Excites Civil Servants.

THE death of a loved one is an event that all of us are likely to experience during our lifetimes, often on numerous occasions.

Whilst lives are transformed by such loss, which is stressful, it does not necessarily need to be for the worse in the long term.

Dealing effectively and positively with grief caused by such a loss is central to one’s recovery process and your ability to continue with and fulfill one’s own life for the better.

This is where funeral insurance comes in. A well- designed and coordinated funeral scheme can cushion the surviving family against funeral expenses and loss of income.

Government, under the leadership of President Lungu, has launched a first ever Group Funeral Assistance Scheme for the Public Service.

The compulsory employee funeral scheme, which will be administered by Madison Life Company and Madison Assets Management Company, will, among other objectives, afford surviving families access to decent funeral logistics, postretirement package for retirees and those separated on expiry of contracts.

The scheme is a single employer fund designed on the principles of simplicity, affordability and sustainability and is aimed at not only affording the surviving families decent funeral logistics but will ensure sustainable livelihoods for the family.

The scheme, which is the first of its kind on the Zambian market, will offer assistance to employees who reach retirement age and to those who get disabled due to illness or physical accidents.

The Zambia Congress of Trade Unions ( ZCTU), one of the mother union bodies for the public service workers, is happy with the introduction of the funeral scheme. General Secretary Cosmas Mukuka says the scheme will be structured according to grades of employees. Mr Mukuka says the compulsory scheme, which had been under discussion since 2012, will be on a ratio of four to six.

‘ Four is from the employee and six is for the employer, which is government. When one is bereaved, payments are supposed to be released almost immediately. In the worst case scenario, payments will delay for only 48 hours.

“ Government came up with seven principles which were supposed to be achieved during a period of 10 years. I’m happy that among those conditions of service that were supposed to be fulfilled, the group insurance scheme has come to pass,” Mr Mukuka says.

 

Comments

comments