GRN employees will be able to lend against their pensions

Niël Terblanché The Government Institutions Pensions Fund (GIPF) and the Namibian Government will sign an agreement that will enable public servants to lend against their pension to build or buy their own homes. David Nuyoma, the outgoing Chief Executive Officer of the Government Institutions Pension Fund (GIPF) during a courtesy call on President Hage Geingob at State House, shared the good news and added that the fund has already taken a decision about the matter “We crafted a mechanism that will allow members to use their pension credit to create their own dwellings to shelter themselves. We did this because…