Air Namibia Retirement Fund is being voluntarily liquidated in terms of section 28 of the Pension Funds Act, Act 24 of 1956 because of clause 10.2 of the Air Namibia Retirement Fund Rules which requires the Fund to be wound up if the employer is wound up. This was said by the Namibia Financial Institutions...
Press Release 1. Air Namibia (Pty) Limited, the Participating Employer in the Air Namibia Retirement Fund, was wound up on 31 March 2021. The Air Namibia Retirement Fund Rules (“the Rules”) indicate that the fund should be liquidated if the employer is liquidated. Therefore, when the employer was liquidated, the fund had to be liquidated...
It is uncommon for a former football player to become president of his country’s football body, but former African Stars captain Benjamin ‘Tokollo’ Naobeb defied that notion to become the first president of the Namibian Football Association (NFA). A striker with coastal giants Eleven Arrows before he joined Stars in 1978, Naobeb is a product...
By Selby Sibeya Chief Executive Kuleni Financial Services. A retirement arrangement is a plan used to set aside money for retirement and it is in most cases the only savings plan for retirement for many people. It is a benefit, in the case of occupational retirement arrangements, which have employer and employee relationship. It is...
Namibia Revenue Agency (NamRa) Commissioner Sam Shivute says it is important for employees to invest in their retirement funds, as many only start building their houses or buying cars after retirement. This, he says, constrains one’s finances while in retirement, which makes it hard for them to maintain their livelihood after retirement. Shivute was speaking at...
YAOUNDE, Sept. 4 — Cameroon’s goalkeeper Andre Onana has reversed his decision to retire from international football ahead of the Africa Cup of Nations (AFCON) qualifier against Burundi. Last week, Cameroon head coach Rigobert Song included the 27-year-old Manchester United player in the squad for the upcoming qualifier. Onana had previously announced his retirement from...
The Committee of Retired Inspectors-General of Police has advocated 65 years as retirement age and 40 years as tenure of service for Police personnel. This is part of resolutions of the former I-Gs at the end of their two-day retreat, held at the International Institute of Tropical Agriculture (IITA) in Ibadan on Tuesday and Wednesday....
The Retirement Funds Institute of Namibia will host its 16th annual Conference from 21-22 September 2023 at Droombos, Windhoek, under the theme, “Towards a Relevant, Resilient and Resourced Future – Putting the “R” back into Savings”. Here is Sabrina Jacobs, the institute’s Vice-Chairperson. https://futuremedia.com.na/wp-content/uploads/2023/08/ENG-Sabrina-Jacobs-conference.mp3 Source link
Employees bemoan money still frozen in investments Staff Reporter The Namibia Financial Institutions Supervisory Authority (Namfisa) has released the figures for the retirement fund of Air Namibia, with a total of N$28,017,834.24 earmarked for payout to former employees in the retirement fund’s preliminary liquidation and distribution account. However, employees have expressed dissatisfaction with the current...