THE Government Institutions Pension Fund (GIPF) Board of Trustees has announced an overall increase of seven per cent to its pensioners with effect from this month.
In a statement, GIPF said it had acted on recommendations based on good investment returns and low inflation rates. The increases granted to GIPF pensioners were: eight per cent (2000), 11 per cent (2001) 10 per cent (2002), 8,2 per cent (2003), 7,5 per cent (2004), 7,5 per cent (2005) and seven per cent (2006).The increases granted to GIPF pensioners were: eight per cent (2000), 11 per cent (2001) 10 per cent (2002), 8,2 per cent (2003), 7,5 per cent (2004), 7,5 per cent (2005) and seven per cent (2006).
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