In an interview with New Era yesterday, Elvis Nashilongo GIPF General Manager for Marketing and Corporate Communication said GIPF has made remarkable progress and scheduled a stakeholders' meeting next Thursday to make an announcement on the implementation of the scheme.
Besides government ministries and agencies, there are a number of statutory bodies such as the
Further, he noted that over and above the traditional benefits that the fund offers, it also provides retirement benefits for employees who have been retrenched. Additionally, he said the fund also offers non-contribution based benefits such as funeral benefits, which have improved recently. "For example, the fund has increased funeral benefits for active members, and as of last year, members who are already on retirement (pensioners) were made to participate in this benefit. This benefit comes at no cost to members," Nashilongo said.
"We can confirm that there is an ongoing process to review the governance structure of GIPF and we are working together with the LRDC and relevant stakeholders on this matter. At this stage it will not be appropriate to get into the details of the process currently in motion. However, we can assure you that GIPF has resolved to give its full cooperation throughout this review process," he maintained.
Moreover, he said GIPF was financially sound and its growth has consistently placed it in a fully funded position making it possible to meet its long-term liabilities. On
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