STAFF WRITER
The Government Pension Institution Fund (GIPF) has grown assets from around N$167 billion by 31 March 2024 to approximately N$183 billion by 31 March 2025.
Speaking at the launch of the fund’s latest annual report , the Chairperson of the Board of Trustees Penda Ithindi said “the GIPF achieved remarkable results during the period under review.
The Fund currently has 44 participating employers and provides guaranteed pension and related benefits to 105,593 active members and 53,504 annuitants. These include civil servants and employees of other participating state owned entities across all 14 regions of Namibia.
He said the fund received N$5.3 billion in member and employer contributions while it paid N$6.8 billion in benefits to members and dependants.
According to Ithind the GIPF achieved a Fund solvency ratio of 119.69% and a Benefits-to-Contribution ratio of 128.6%.
In addition to a cost-to-serve ratio of 1.83% and secured investment returns of 10.6% with a N$17 billion net investment income.
“Most importantly, the GIPF continued to meet its obligations to members and
beneficiaries. The Fund remains well capitalised, with strong fundamentals that give assurance of its ability to pay benefits both now and in the future. Members can have confidence that their pension savings are secure and continue to grow” said Ithindi.
Ithindi said the reporting period marked the fund’s resilience and great progress on the investment front.
GIPF Chief Executive Officer Martin Inkumbi said the report provides an overview of the Fund’s financial and operational performance reflecting GIPF’s strategic objective of creating long-term sustainability.
Inkumbi stated that the 2025 financial results demonstrate that the GIPF secures the retirement future of its members and contributes to national development through responsible, long-term investment.
He added that the GIPF’s scale, performance and solvency positions the Fund to deliver long-term value to members, employers and the national economy. These results reflect prudent stewardship and a commitment to continuous improvement.
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