Tag: GIPF
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What N$1.5 Billion in Potential Losses Means for the GIPF Pension Fund
Understanding the Scope of the Loss The Government Institutions Pension Fund (GIPF) has disclosed that nearly N$1.5 billion of investment value has been eroded since 2008. This figure, which aligns with prior reporting of a roughly N$1 billion shortfall, reflects marked declines across assets in the fund’s portfolio over more than a decade. For current…
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What N$1.5 Billion Losses Mean for Namibia’s GIPF Pension Fund
Overview: Why N$1.5 billion matters for GIPF The Government Institutions Pension Fund (GIPF) of Namibia revealed that nearly N$1.5 billion in its investments have lost value since 2008, a figure that includes the N$1 billion reported by The Namibian in November. For current and former public servants who rely on GIPF for retirement income, these…
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What N$1.5 Billion Losses Mean for Namibia’s GIPF Pension Fund
Overview: A Significant Hit to a National Pension Fund Namibia’s Government Institutions Pension Fund (GIPF) has disclosed substantial investment losses, totaling nearly N$1.5 billion since 2008, with N$1 billion of that figure previously reported by The Namibian. These losses are not just numbers on a page; they affect the retirement security of thousands of public…