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| About LASF |
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Establishment of the Fund
The Local Authorities Superannuation Fund (LASF) was created under Government Notice Number 314 of 1954. The Fund was initially for expatriate officers until the passing of the Local Authorities Superannuation Fund Act Cap 476 in May, 1963 when membership was extended to all permanent officers and employees who were in receipt of a salary or wage of not less than K500.00 per year and who were 18 years but not more than 50 years old. The LASF Act was renumbered Cap 284 of the Laws of Zambia in 1997.
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5 Yr Strategic Plan
LASF developed a Five Year Strategic Plan that became effective on 01st January, 2006. The Five Year Strategic Plan identifies the Fund's strategic approach and options between 01st January 2006 and 31st December 2010.
· Strategic Performance 2001-2005
· Development of Strategic Plan for 2006-10
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Adjusting of Annuities
Over the years, annuities received by pensioners have not been adjusted. This has resulted into the majority having their annuity pension product lose value due to time value of money.
Thus, LASF management put in a proposal to adjust the annuities upwards for the first time in the Fund's history.
· Background
· Policy Research
· Adjustment Approval
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