Oct 11

Lack of sufficient information causes delays in GIPF payouts

Government Institutions Pension Fund Manager for Marketing Services says the delay in timely payments of benefits to members and beneficiaries can be attributed to incomplete and inaccurate information required to process benefits payments. Amos Kambonde adds that some of the challenges the fund faces with the payment of death benefits are attributed to the outdated beneficiary nomination forms and issues related to full birth certificates, with the latter being the most significant problems. He warns that it is imperative that members ensure that their personal files are up to date at any given time so that members or dependents are paid in a timely manner and prevent a break in the monthly disposable income