• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies Finance

GIPF announces 5.46% increase in monthly pension benefits

by editor
April 19, 2023
in Finance
44
A A
57
SHARES
953
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

NamRA collects N$12.78 billion in first two months of financial year

BoN orders banks to cut gap between repo and lending rates

DBN secures Green Climate Fund accreditation

The Government Institutions Pension Fund (GIPF) has announced a 5.46% increase in pension benefits for all GIPF pensioners, effective from 1st April 2023.

According to the fund, the increase comes after a thorough actuarial due diligence conducted by the GIPF Board of Trustees, which considered the Fund’s average annual return over the last five years, current and future liabilities, and assets of the Fund.

“A pension increase serves to cushion pensioners from unexpected changes in their purchasing power. Hence, the incessant ability to increase members’ benefits annually is driven by the Fund’s collective commitment to guard and grow members’ financial security. The Fund aims to match the Namibian Consumer Price Index (NCPI) to ensure that pensions in payment retain their purchasing power over time, subject to affordability,” said GIPF CEO and Principal Officer, David Nuyoma.

This comes as the GIPF has adopted a 3-year averaging method, with the returns of each December year-end serving as a reference point, given the volatility of returns from year to year.

“In awarding pension increments, the Fund constantly strikes a delicate balance by considering the volatile investment returns, global geo-political circumstances, the need to manage expectations regarding pension increases, and ensuring that our pensioners live within inflation parameters,” said Nuyoma.

GIPF is a statutory pension fund which provides guaranteed pension and related benefits to 98,623 civil servants, and employees of participating employers in Namibia.

author avatar
editor
See Full Bio
Tags: finance
Share23Tweet14Share4
Previous Post

Germany pledges to help Namibia set up lithium processing plant

Next Post

Cracking the Code: Successfully providing financial services and insurance to Africa’s Gen-Z

Recommended For You

NamRA collects N$12.78 billion in first two months of financial year

by reporter
July 9, 2025
0
NamRA sees drop in illegal vehicle imports following moratorium

The Namibia Revenue Agency (NamRA) has collected N$12.78 billion in revenue between 1 April and 31 May 2025, as part of the current financial year. Of this total,...

Read moreDetails

BoN orders banks to cut gap between repo and lending rates

by reporter
July 2, 2025
0
BoN orders banks to cut gap between repo and lending rates

The Bank of Namibia (BoN) has directed all commercial banks to narrow the gap between the repo rate and lending rates by 25 basis points in two stages...

Read moreDetails

DBN secures Green Climate Fund accreditation

by reporter
July 2, 2025
0
DBN secures Green Climate Fund accreditation

The Development Bank of Namibia (DBN) has been officially accredited by the Green Climate Fund (GCF), a move expected to improve Namibia’s ability to access international climate finance....

Read moreDetails

Bank of Namibia meets incoming Bank Windhoek MD

by reporter
July 2, 2025
0
Bank of Namibia meets incoming Bank Windhoek MD

The Bank of Namibia has officially met with James Chapman, who will take over as Managing Director of Bank Windhoek in July 2025. Chapman was introduced to BoN...

Read moreDetails

Standard Bank invests N$35 million in CSI initiatives over five years

by reporter
June 30, 2025
0
Standard Bank invests N$35 million in CSI initiatives over five years

Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...

Read moreDetails
Next Post
Cracking the Code: Successfully providing financial services and insurance to Africa’s Gen-Z

Cracking the Code: Successfully providing financial services and insurance to Africa’s Gen-Z

Related News

Windhoek ranked among African cities with the highest cost of living

Windhoek ranked among African cities with the highest cost of living

March 27, 2022
Louis Vuitton set to raise prices

Louis Vuitton set to raise prices

February 16, 2022
FNB Namibia named Africa winner at The Banker’s Technology Awards 2025

FNB Namibia named Africa winner at The Banker’s Technology Awards 2025

June 10, 2025

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.