The Government Institutions Pension Fund (GIPF) has approved a 5% increase in monthly pension benefits, effective 1 April 2026.

In a statement issued on Monday, the fund said the adjustment will apply to all pensioners, including qualifying spouses and child beneficiaries. 

GIPF Chief Executive Officer Martin Inkumbi said the decision was informed by actuarial recommendations and took into account the fund's financial sustainability, as well as local inflation estimated at around 4%.

GIPF Communication Practitioner Thirzah Paulus confirmed the development in a voice note.

"Those whose pensions have been in payment or deferment for less than a year as of 31 March 2025 preceding the entry stage will receive an increase on a pro-rata basis."

The fund said the increase aims to provide financial relief and protect pensioners' purchasing power amid rising living costs, including food, fuel, housing and healthcare.

Inkumbi added that the fund remains in a strong financial position to meet its obligations and is committed to supporting members with stable and dignified retirement benefits.