Government Institutions Pension Fund (GIPF) chief executive Martin Inkumbi says the fund has grown to N$183 billion in assets, and had 105 593 active members and 53 504 pensioners during the 2024/2025 financial year.
He says the fund has made smart investments, which have helped it earn a 10.6% return.
He said this during the GIPF 2025 integrated annual report launch held at Oshakati on Thursday.
“The report’s financial story thus becomes a member‑centric saga of security, growth and community uplift. Savvy asset allocation drove higher yields, swelling the fund’s reserves and securing the retirement for members,” he said.
Inkumbi said the tight governance frameworks kept exposure in check, protecting members’ contributions from market volatility.
“Initiatives focused on responsible, long‑term investments channeled profits into national development projects, indirectly benefiting members’ communities. Improved financial health means bigger, more reliable pension payouts, letting members plan their golden years with confidence,” he said.
He said in the latest financial year, the fund grew with 44 employers feeding into its coffers.
The board chairperson, Penda Ithindi, says the GIPF had made about N$5.3 billion in member and employer contributions while handing out N$6.8 billion in benefits to members and their dependents.
“The numbers sang of strength: a fund solvency ratio of 119.69%, a benefits‑to‑contribution ratio of 128.6%, and a cost‑to‑serve ratio of just 1.83%. The investment front delivered a 10.6% return, netting N$17 billion in investment income,” he says.
Ithindi further adds that the reporting period had been a test of resilience.
