Government funds announce profit mark-ups and benefit increases

The government has approved a 12.05% annual mark-up on General Provident Fund (GP Fund) balances for eligible regular government employees. This profit will be calculated based on balances maintained as of June 30, 2026, and is scheduled to be credited to employee accounts in August 2026.

In a separate development, the Government Institutions Pension Fund (GIPF) has approved a 5% increase in disability income benefits for 349 qualifying beneficiaries. Effective April 1, 2026, the annual disability benefit expenditure will rise from approximately N$34.4 million to N$36.1 million. This adjustment follows a 5% salary increase for public service employees and aims to protect the purchasing power of members against inflation, which was recorded at approximately 4.19%.

GIPF reported a surplus of approximately N$46.9 billion as of March 31, 2025, stating that its financial position allows for benefit improvements while maintaining long-term sustainability.