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GIPF increases pension benefit by 3.5%

GIPF increases pension benefit by 3.5%

The Government Institutions Pension Fund (GIPF) over the weekend announced a 3.5% pension benefit increment, effective 1 April for all its pensioners.

The fund said the ability to increase members’ benefits annually is driven by the its collective commitment to guard and grow members’ financial security.

The fund added despite the high degree of uncertainty that surrounds the world economy due to the outbreak of the Covid-19, it remains resolutely committed to providing members’ benefits and cushioning pensioners from unexpected changes in their purchasing power.


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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys