GIPF Raises Pension Payments by 5% Starting April
By TUW
Retirees and beneficiaries of the Government Institutions Pension Fund (GIPF) will see a 5% increase in their monthly pension payments starting 1 April 2026. The decision comes as the fund seeks to help members manage the impact of rising living costs while maintaining financial stability.
The adjustment affects all current pensioners, as well as eligible spouses and children. Pensions that have been in payment or deferment for less than a year as of 31 March 2025 will receive a proportionate increase.
GIPF CEO Martin Inkumbi explained that the Board of Trustees approved the hike on 26 March 2026 after reviewing an actuarial report that considered the fund’s long-term sustainability alongside the current local inflation rate of approximately 4%.
“The 5% increase is designed to protect retirees’ purchasing power and ease financial pressure from essentials such as food, housing, healthcare, and fuel,” Inkumbi said. He added that the fund’s strong financial position allows it to meet its obligations while supporting pensioners effectively.
The GIPF has a history of adjusting pensions in line with or above inflation, demonstrating sound financial management and governance. Typically, pension increases are applied on 1 April each year and are based on a careful review of the fund’s assets, returns, and liabilities, using a three-year average to account for market fluctuations.
As of December 2025, the fund paid monthly pensions to over 57,000 annuitants, totaling roughly N$337 million per month, or more than N$4 billion per year. The GIPF said it remains committed to helping members maintain financial security in retirement and reducing reliance on external social support.
