The Namibian government pension, sometimes known as the Old Age Pension, is provided by the National Social Security Fund of Namibia to help meet certain living expenses and needs of older Namibians. This pension can help you pay your bills and even go on vacation! The Namibian government pension includes several amounts, so it’s important to understand them all before applying. This article breaks down what the Namibian government pension includes as well as how to apply for it.

The amount you receive from the Namibian government pension depends on your years of service

Namibia’s government pension system is an old-age social security program in which the state makes monthly payments to people who have reached retirement age. The retirement age is 60 for men and 55 for women. Your pension amount depends on your years of service, with a minimum of five years of service required before you can start drawing your pension. You will receive 75% of your last salary if you retire at 60, or 80% if you retire at 65.

If you retire before the age of 55, you will receive a reduced pension

Namibia’s government pension is set at 15% of the average salary for each year of service. For example, if you served for ten years, your annual pension would be about $15,000 USD. If you retire before the age of 55, you will receive a reduced pension because you will have fewer years of service.

If you retire after the age of 55, you will receive a higher pension

The government pension in Namibia is determined by the number of years you have been paying into the pension scheme. You can receive a higher pension if you retire after the age of 55, but will still only be entitled to 75% of your final salary if you retire before that age.

There are other factors that can affect your Namibian government pension, such as inflation

As of 2018, the Namibian government pension is based on what your salary was at age 55. If you were living in a rural area, your pension will be higher than someone who lives in an urban area. There are also other factors that can affect your Namibian government pension, such as inflation. To receive your full pension, you must have lived in the country for at least 20 years between the ages of 16 and 55.