Pension Benefits

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Namibia

Home Loans Only, Says GIPF on Pension Scheme

The Government Institutions Pension Fund has clarified that its Pension-Backed Home Loan Scheme is strictly intended to help members buy or build houses. The Pension Funds Act limits pension access to housing purposes only, ruling out business ventures or personal spending, According to CEO Martin Inkumbi:

today15 July, 2025

Local

Unclaimed benefits for 176 GIPF members: an urgent call to action

        The Government Institutions Pension Fund (GIPF) provides various benefits to its members, such as Normal Retirement, Early Retirement, Resignation (also applicable to dismissals), Retrenchment, Disability benefit, Ill-Health Retirement, Death, and Funeral benefits. These benefits are due when a member is no longer employed and exits the Fund. Currently the GIPF holds millions in what is referred to as unclaimed benefits. Every staff member of a participating […]

today18 June, 2024

Namibia

Government Institutions Pension Fund increases pension and disability income benefits

The Government Institutions Pension Fund announced pension and disability income benefits increases. The Board of Trustees took this decision after a thorough actuarial due diligence process and in consideration of various factors such as the inflation rate, cost of living, reasonable benefit expectations of its active annuitants, affordability on the part of the Fund and the average annual return over the last five years, as well as the current and […]

today29 April, 2024