Namibia Revenue Agency (NamRa) Commissioner Sam Shivute says it is important for employees to invest in their retirement funds, as many only start building their houses or buying cars after retirement.

This, he says, constrains one's finances while in retirement, which makes it hard for them to maintain their livelihood after retirement.
  
Shivute was speaking at the two-day Retirement Fund Institution of Namibia's stakeholders annual conference on Thursday under the theme Moving Towards a Relevant, Resilient, and Resourced Future for Pensioners: Putting the ''R'' back into savings.

"We shouldn't just be encouraging to say that so that our people are better off when they retire. Our members should be well off while they are still living productive lives. And we have the responsibility to ensure that. I thank my colleagues and trustees from the Bank of Namibia who allowed us to have that wealth while we were still young, and our pension is not affected. I know there are a few pension funds that give their people housing loans. I want to encourage each and every pension fund to do that. I am advocating for that because of the village in which I was born and grew up. We have seen people retiring, and when they retire at 60, that is the only time they can build a very dignified house. That is the time they will buy a Toyota 4 by 4 Hilux that is white. That is when they will buy 10 to 15 cattle. That is the time now; they want to live a productive life."