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Book on Pension Fund launched

Book on Pension Fund launched

Dr Manfred R. Zamuee launched his book titled The Manual on Namibian Retirement Fund and Social Security on Friday at NICE Restaurant.

At the event Dr. Zamuee explained what the book is all about chapter by chapter and explained how he tried to make sure that he went in depth with all the explanations.

This book has twelve chapters with the first chapter concentrating on the Constitution and Election of Trustees, which focuses on the accountability of trustees and the last chapter focusing on financial services adjudicators,” he explained.

The guest speaker at the event was Hon. Calle Schlettwein, Minister of Finance, who was represented by the his Executive Personal Assistant, Esau Mbako.

In the speech the minister said he was delighted at the fact that the title of the book recognises the fact that occupational retirement funds and social security interacts in a symbiotic relationship yoked together to achieve optimized retirement value.

This underscores the statutory objective of retirement funds and a safety net for social protection therefore in the end retirement funds perform a social welfare role underwritten by social security and act as a stimulant for economic growth and development objectives through deepening and broadening the local financial markets,” he said.

He added that poverty and unemployment remains one of the serious challenges facing the country and retirement funds can play an impactful role towards the alleviation of these social maladies. “The long-term nature of retirement savings and phenomenal growth of assets over the years presents a perfect opportunity for retirement funds to play a significant role in local economic development through progressive investment policies,” he added.

The book is available for N$680 to order contact Talena Kgobetsi at 0811223041

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and she believes education is the greatest equalizer. She received her degree in Journalism at the Namibia University of Science and Technology (NUST) in June 2021. . She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.