{"id":4878,"date":"2021-11-08T09:07:04","date_gmt":"2021-11-08T09:07:04","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate"},"modified":"2021-11-08T09:15:27","modified_gmt":"2021-11-08T09:15:27","slug":"gipf-campaign-centres-on-funds-mandate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate","title":{"rendered":"GIPF campaign centres on fund\u2019s mandate"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>In an effort to educate its members about the rules of the Fund and its commensurate pension benefits, the Government Institutions Pension Fund (GIPF) has been conducting monthly, topic-focused radio campaigns. During the month of November, the campaign will focus on its purpose, and how it functions as a defined benefit fund. Trained client service consultants will lead live discussions on all local language services of the NBC and selected commercial radio stations from 8 to 12 November.<\/p>\n<p>The GIPF is a defined benefit scheme, and under this benefit scheme, the benefits of members are guaranteed, i.e. the Fund guarantees a monthly pension for life upon retirement, and to spouse(s) of deceased members. As a defined benefit pension fund, the GIPF has two main mandates. It provides benefits to members upon retirement, and support the members\u2019 dependents (such as children and spouse) upon the member\u2019s death. Other benefits include retirement, disability, ill-heath, death and funeral cover. Members can also get a withdrawal amount if they resign, get dismissed or retrenched before their retirement date.<\/p>\n<p>\u201cA pension fund such as the GIPF is governed by a board of trustees. Some trustees are appointed by the employer, while others are appointed by employees via their trade unions which have recognition agreements with the employers. The board appoints a Principal Officer or Chief Executive Officer (CEO), who oversees the day-to-day administration of the pension fund. Practically, the CEO needs more administrators to assist him\/her; as other funds in the industry. As a self-administering Fund, the GIPF employs its own administrators to assist the CEO,\u201d stated Amos Kambonde, GIPF Manager for Marketing Services.<\/p>\n<p>In respect of occupational funds such as the GIPF, employers and employees have an obligation to pay contributions to the fund monthly. For GIPF members, employees contribute 7% of their basic salary, while employers contribute 16% of the employee\u2019s monthly salary. In practice, the employer deducts money from the employee\u2019s salary, combines it with the employer\u2019s portion, and pays it over to the GIPF in return for benefits.<\/p>\n<p>\u201cThe GIPF is guided by the Pension Funds Act. During these trying times, the Fund has seen an influx in pleas from members to access their benefits before retirement for several purposes. It is this and other reasons that culminated in our eagerness to ensure our members are presented with a platform where they can engage the Fund on the laws that guide the Fund, the purpose thereof, and what members can expect from the GIPF upon retirement,\u201d added Kambonde.<\/p>\n<p>Topics to be addressed during the November session include contributions to a pension fund, the management of pension funds, protection of pension benefits, allowed deductions and GIPF home loans, to mention but a few.<\/p>\n<p>The GIPF thus implores all its members to tune into the Fund\u2019s radio campaign on all Namibian Broadcasting Corporation (NBC) vernacular radio stations, Eagle FM, Shipi FM and Radio Wave.<\/p>\n<p>\u201cThe GIPF has many other platforms of engagement and information-sharing, such as targeted member education sessions at various government offices and member institutions. As a forward-thinking Fund, we have also embraced the use of new technologies, and urge members to use our social media platforms and to log onto our member portal on the GIPF website (www.gipf.com.na),\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. In an effort to educate its members about the rules of the Fund and its commensurate pension benefits, the Government Institutions Pension Fund (GIPF) has been conducting monthly, topic-focused radio campaigns. During the month of November, the campaign will focus on its purpose, and how it functions as a defined benefit fund. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,747,2350,233],"class_list":["post-4878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-campaign","tag-funds-mandate","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GIPF campaign centres on fund\u2019s mandate - Namibia<\/title>\n<meta name=\"description\" content=\"In an effort to educate its members about the rules of the Fund and its commensurate pension benefits, the Government In ...\" \/>\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-campaign-centres-on-funds-mandate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIPF campaign centres on fund\u2019s mandate\" \/>\n<meta property=\"og:description\" content=\"In an effort to educate its members about the rules of the Fund and its commensurate pension benefits, the Government In ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate\" \/>\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=\"2021-11-08T09:07:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-08T09:15:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/11\/img-6188ea7baec4b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\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=\"3 minutes\" \/>\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-campaign-centres-on-funds-mandate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GIPF campaign centres on fund\u2019s mandate\",\"datePublished\":\"2021-11-08T09:07:04+00:00\",\"dateModified\":\"2021-11-08T09:15:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate\"},\"wordCount\":564,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2021\/11\/img-6188ea7baec4b.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"campaign\",\"fund\u2019s mandate\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-campaign-centres-on-funds-mandate\",\"name\":\"GIPF campaign centres on fund\u2019s mandate - 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