The Government Institutions Pension Fund (GIPF) has approved a 5% increase in disability income benefits for qualifying members, effective 1 April 2026.
The adjustment follows the implementation of a 5% salary increase for public service employees and reflects the Fund’s commitment to protecting the financial well-being of members who are unable to continue working due to disability.
The increase will directly benefit 349 pensioners who currently receive disability income from the Fund. The annual cost of disability income benefits is expected to increase from approximately N$34.4 million to N$36.1 million.
Chairperson of the GIPF Board of Trustees, Penda Ithindi, said the adjustment demonstrates the Fund’s ongoing commitment to ensuring that disability beneficiaries maintain a reasonable standard of living despite changing economic conditions.
“This increase reflects our commitment to supporting members who rely on disability income benefits as their primary source of income,” said Ithindi.
“By aligning disability benefits with adjustments in public service remuneration, we help protect beneficiaries against the impact of rising living costs and preserve their financial dignity.”
Ithindi said that the Board approved the increase after considering the Fund’s financial position, inflation trends and long-term sustainability.
Inflation, as measured by the National Consumer Price Index, recorded approximately 4.19% over the relevant period, highlighting the importance of maintaining the purchasing power of disability beneficiaries.
As part of its governance responsibility, the Board regularly reviews the affordability and sustainability of benefits to ensure that members continue to receive meaningful support while safeguarding the Fund’s long-term financial health.
GIPF Chief Executive Officer and Principal Officer, Martin Inkumbi, said the increase reinforces the Fund’s broader mission of providing financial protection and security to its members and beneficiaries.
“Disability benefits play a critical role in protecting members who are no longer able to earn an income due to disability,” said Inkumbi.
“This increase demonstrates the Fund’s commitment to delivering benefits that remain relevant, responsive and sustainable while supporting the long-term welfare of our members and their families.”
Inkumbi stated that the Fund remains financially strong and well positioned to meet its obligations.
He said that as of 31 March 2025, GIPF reported a surplus of approximately N$46.9 billion, providing a solid foundation for the continued enhancement of member benefits while maintaining financial sustainability.
“For many beneficiaries, disability income benefits provide essential financial support that helps cover daily living expenses and maintain household stability. Through regular reviews and prudent financial management, GIPF continues to ensure that its benefits remain aligned with members’ needs and changing economic realities.
“The Fund remains committed to safeguarding the financial security of its members and beneficiaries by providing sustainable benefits that offer meaningful support when it is needed most.”
In the photo: GIPF’s CEO Mr Martin Inkumbi.
