What Does Govt Institutions Pension Fund Expect From Its Members and Employers?

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[Namibia Economist] The Government Institutions Pension Fund (GIPF) is a defined pension Fund that provides guaranteed pension benefits to its members. This means that the Fund provides guaranteed benefits to members no matter how the markets perform, how long an employee lives after retirement, or whether he or she becomes disabled and unable to work. The benefits are defined in terms of the rules of the Fund and most of the benefits are calculated based on the final average salary and years of service.
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