{"id":43383,"date":"2023-04-21T18:34:17","date_gmt":"2023-04-21T18:34:17","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits"},"modified":"2023-04-21T18:59:07","modified_gmt":"2023-04-21T18:59:07","slug":"gipf-pensioners-to-receive-5-46-increase-in-benefits","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits","title":{"rendered":"GIPF pensioners to receive 5.46% increase in benefits"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Government Institutions Pension Fund (GIPF) has declared an increase of 5.46% in pension benefits for the financial year 2022\/2023. Effective from 1st April 2023, this increment marks an improvement from the 4.62% increase granted last year. The Board of Trustees deliberated on the rate after conducting an actuarial due diligence report which included assessing the average annual return over the past five years, present and future liabilities, and the fund\u2019s assets.<\/p>\n

To achieve a balance, the Fund uses a 3-year averaging method, with returns from the December year-end serving as a reference point. Despite the current volatile economic environment, the GIPF remains committed to ensuring its members receive guaranteed benefits. The Fund aims to provide pensioners with an increase that matches the Namibian Consumer Price Index (NCPI), subject to affordability.<\/p>\n

David Nuyoma, CEO and Principal Officer of GIPF, expressed that the Fund\u2019s primary objective is to protect and enhance members\u2019 financial security. The pension benefit increases pensioners against unexpected changes in their purchasing power, thereby improving their financial stability. The GIPF acknowledges the volatile nature of investment returns, global geo-political conditions, and the need to manage pensioners\u2019 expectations. However, the Fund strives to ensure that pensioners live within inflation parameters, providing them with financial security in their retirement years.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Government Institutions Pension Fund (GIPF) has declared an increase of 5.46% in pension benefits for the financial year 2022\/2023. Effective from 1st April 2023, this increment marks an improvement from the 4.62% increase granted last year. The Board of Trustees deliberated on the rate after conducting an actuarial due diligence report […]<\/p>\n","protected":false},"author":84,"featured_media":43382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-43383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGIPF pensioners to receive 5.46% increase in benefits - Namibia<\/title>\n<meta name=\"description\" content=\"The Government Institutions Pension Fund (GIPF) has declared an increase of 5.46% in pension benefits for the financial ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIPF pensioners to receive 5.46% increase in benefits\" \/>\n<meta property=\"og:description\" content=\"The Government Institutions Pension Fund (GIPF) has declared an increase of 5.46% in pension benefits for the financial ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-21T18:34:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-21T18:59:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/04\/postQueueImg_1682085862.86.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"474\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GIPF pensioners to receive 5.46% increase in benefits\",\"datePublished\":\"2023-04-21T18:34:17+00:00\",\"dateModified\":\"2023-04-21T18:59:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/04\/postQueueImg_1682085862.86.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pensioners-to-receive-5-46-increase-in-benefits\",\"name\":\"GIPF pensioners to receive 5.46% increase in benefits - 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