How Much is Pension Grant in Namibia?

How Much is Pension Grant in Namibia?

What is an old age pension?

Old-age retirement is paid to anyone who has retired from work due to old age. There are two kinds of retirement, one for those who are 60 years old, and the other for those who are 55 years old.

This is how to apply for an old age pension in Namibia

To apply to this scheme, visit the Block Development Office in the urban area to submit your application. The District Social Welfare Officer administers the program and is available in rural areas as well. Visit the Social Welfare Department in your area and get the application form.

How much is the Namibian old age pension?

The pension for an old-age person is N$1,100 a month. This same amount of money is guaranteed for veterans.

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How long does it take to apply for an aged pension in Namibia?

In most cases, you’ll have to wait approximately two weeks or two months after submitting your claim for it to be paid.

How much do pensioners get in Namibia?

Namibia’s Basic Social Grant provides a monthly unconditional allowance of 1,100 Namibian Dollars ($130) 

It corresponds to approximately US$ 78 per month lifting the grant beneficiary well above the poverty line.

How do I get a pension?

The minimum eligibility period for receiving a pension is 10 years. A Central Government employee who retires from their government job in accordance with the Pension Rules is entitled to receive a pension at the completion of 10 or more years of qualifying service.