INCREASED BENEFITS| The Government Institutions Pension Fund (GIPF) has announced a 5% increase in monthly pension benefits for all pensioners, as well as qualifying spousal and child beneficiaries, effective 1 April 2026. The decision, approved by the board of trustees on Thursday, follows a recommendation by the Fund’s Actuary based on the Fund’s sustainability and the current local inflation rate of 4%. Pensions in payment or deferment for less than a year as of 31 March 2026 will receive the increase on a pro-rata basis. GIPF chief executive officer Martin Inkumbi stated that the 5% adjustment aligns with the Fund’s practice of providing annual inflationary increases of between 75% and 100% of the National Consumer Price Index (NCPI) to protect members’ purchasing power against rising costs of goods and services such as fuel, food, housing and healthcare. Reporter: Renthia Kaimbi Photo: GIPF #WindhoekObserver
