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Published on 2025-04-02 18:00:00
The government’s proposal to increase the retirement lump sum threshold for Namibians from N$50 000 to N$375 000 aims to provide financial relief, but could leave pensioners living as paupers in the long run.
This increase was proposed by minister of finance and social grants management Ericah Shafudah while announcing her ministry’s budget in Windhoek last Thursday.
The proposal is part of the policy changes the minister announced during the event.
Previously, retirees were…
Read the Full article on The Namibian
