this blog post willg to the pension fund department
Introduction As the world progresses with improvements in technology and medicine, today an average person is expected to live longer than they did before. On the other hand, the number of years where that the same person can work and earn an income is limited. In Namibia the normal retirement age is 60 years of Read more about When can members claim pension benefits?[…]
Pension Backed Housing Loans (PBHLs) have become a very important part of the pension fund industry as they give members the chance to use their pension benefits/savings (fund credit) to buy immovable property such as houses, flats, apartments or land, or to make renovations to their homes. PBHLs have become popular in Namibia and are Read more about Pension Backed Housing Loans – how do they work?[…]
Members of Pension Funds need to understand the duties of Pension Fund officials and how their work impacts them. An understanding of the responsibilities of different Fund Officers will allow members to know what to expect from these officials and allow them to exercise their rights as Pension Fund members. The Pension Funds Act of Read more about Roles and responsibilities of Members of Pension Funds[…]
A medical aid fund may be defined as a fund to which a large number of people contribute, to help with unexpected medical expenses when needed. Medical aid fund members collectively pool their risk against the very real likelihood of incurring medical expenses that would otherwise be difficult to pay out of their own pockets. Read more about Medical aid funding and how contributions are utilized[…]