This page was last updated on:
2023-05-22
Pension Rights
Under the National Pensions Act, 1992, an aged person, any person who has reached the age of 60, is entitled to basic state pension. A person is entitled to a national pension if he satisfies to the Permanent Secretary of Health and Safety that he/she is an aged, blind or disabled person, is a resident of Namibia, and is a citizen or has been a permanent resident of Namibia for continuous period of time.
Under the Social Security Act, 1994, any employee who is a member of National Pension Fund is entitled to pension benefits. In order to qualify for pension benefits from National Pension Fund, the employee must be registered with the Social Security Commission. He must not be a member of any other pension fund or scheme approved by the Minister of labour and Human Resources Development. Where contribution have been paid to the full, the employee has to be a member of the Fund for at least six months before a claim can be made.
If the employee who is a member of the Death Benefit Fund, retires, the full value of his/her death benefits which would have been payable upon his/her death, will be paid to him/her and no further amount will be payable. In order to qualify for Death Benefits, the employee must be registered with the Social Security Commission. He must not be a member of any other pension fund or scheme approved by the Minister of labour and Human Resources Development. Where contribution have been paid to the full, the employee has to be a member of the Fund for at least six months before a claim has been made.
Source: §2 & 3 of the National Pensions Act, 1992 and §20, 21, 31 & 34 of the Social Security Act, 1994
Dependents' / Survivors' Benefit
Under Social Security Act, 1994, upon death of an employee who was a member of the Death Benefits Fund, death benefits will be payable to a dependent. If the dependent is still a minor, it will be paid to his/her guardian or to any other person who is considered by the Social Security Commission to a fit and proper person to administer such benefits.
In order to qualify for death benefits, the deceased employee must have registered with the Social Security Commission. He must not have been a member of any other pension fund or scheme approved by the Minister of labour and Human Resources Development. Where contribution has been paid to the full, the employee had to have been a member of the Fund for at least six months before a claim can be made.
Source: §20, 21 & 31 of the Social Security Act, 1994
Invalidity Benefit
Under the National Pensions Act, 1992, any person is entitled to a national pension if he satisfies to the Permanent Secretary of Health and Safety that he/she is a blind or disabled person, is a resident of Namibia, and is a citizen or has been a permanent resident of Namibia for continuous period of time.
Under the Social Security Act, 1994, if the employee who is a member becomes disabled, the full value of death benefits which would have been payable upon his/her death, will be paid to him/her and no further amount will be payable. In order to qualify for death benefits, the employee must be registered with the Social Security Commission. He must not be a member of any other pension fund or scheme approved by the Minister of labour and Human Resources Development. Where contribution have been paid to the full, the employee has been a member of the Fund for at least six months before the claim arose.
Source: §3 of the National Pensions Act, 1994 and §20, 21 & 31 of the Social Security Act, 1994
