Five per cent increase for GIPF pensioners
02 Apr 2019 18:00pm
WINDHOEK, 02 APR (NAMPA) - The Government Institutions Pension Fund (GIPF)s pension benefit has increased by five per cent for the year 2019.
According to a media statement issued by the fund on Tuesday, the increase is effective from 01 April 2019 for all GIPF pensioners.
Last year, the pension benefit increased by 5,5 per cent.
Considering the current volatile economic outlook, the fund continues to provide guaranteed benefits to members and to protect pensioners income from the erosion of the purchase power of their income, the statement said.