The Government Institutions Pension Fund (GIPF) will be hosting a series of pre-retirement workshops in Windhoek aimed at preparing its members between the ages of 53 and 59 years, who are planning to go on early or normal retirement.
The workshops according to the Fund, are part of an extensive member education campaign being undertaken on an annual basis.
“With members being the core of the Fund’s business, it is pivotal that they are well informed regarding their benefits to ensure well informed decisions that are beneficial to them and their beneficiaries when on retirement,” Amos Kambonde, GIPF Manager for Marketing Services said.
He said the GIPF envisions a generation of financially independent pensioners, and that the member’s pension alone might not be sufficient to ensure their financial independence at retirement, hence
the need for additional savings.
“Members are always encouraged top up or save more towards retirement through various vehicles such as retirement annuities, unit trusts, and or fixed investment vehicles. We all know it is sometimes very difficult to save up elsewhere, but we do need to sacrifice for these additional savings,” Kambonde said.
