MCP's Parliamentary Affairs spokesperson, Lington Belekanyama said the party met to discuss some of the controversial sections of the bill, and: "Right now we have already presented a report to our spokesperson of finance in Parliament, Sosten Gwengwe, to present to the budget and finance committee when it meets."

He added the MCP wants employees to access their pension dues when still vibrant. The draft purports to only allow pensioners access their hard earned schemes only when they reach 50 years of age.

"They must be at a useful age to national development and not wait that long," he told the press, dismissing the proposed scenario will ensure financial security at after retirement.

'Let employees freely quit and invest their pensions in other entities. This section is not in the best interest of the employee," adds the party, which ruled Malawi 30 years of autocracy.

The UDF on its part bemoaned government failed to be in the forefront in the promotion of the welfare and values of employees by providing them with decent benefits during time of service and retirement.

"Some sections of the draft pension bill, however, seem to promote the interest of the government and some employers - not the employee," said Humphrey Mvula, the party's Director of Research.

He said it was unrealistic for pension companies to lock up pension funds until the specified ages as Malawi's minimum average lifespan falls well below the proposed ages. Malawi stands at 46 years old on the lifespan scale.

The Parliamentary Budget and Finance Committee intend to meet on September 27 to discuss the bill before it is tabled.

The ruling United Democratic Party (DPP), however, through its publicity secretary Hetherwick Ntaba insist pensioners need to be financially secure when they retire and are aged - hence the proposed draft bill is in order.

The Malawi Congress of Trade Unions (MCTU) last week warned it would take unspecified action, including getting out of the tripartite dialogue committee on labour issues made up of an employer’s body, government and trade unions.

Their statement also heavily expressed dissatisfaction with how the draft bill was tampered with by government and declared they were not part of the latest pension draft.

"The Ministry of Labour removed parts of the recommendations that we made but government removed them to accommodate employers' interests over those of employees. We disassociate ourselves from this final draft," read the statement.

Government since this week warned it would take whatever action and will put the trade unions body responsible for what may happen.

"The law will take its course," warned Labour Minister Yunus Mussa in a publicised statement.

Men are tagged at a limit of 60 years old and women at 55 to be able to get their pension, except under special circumstances - which have not been well described.