News and Events

The Botswana Public Officers Pension Fund recently conducted presentations to Ministry of Health and Wellness staff in their respective departments to enlighten them on membership, the funds, new business model, pre-retirement switch and some other developments in the fund.

During her official opening of the scheduled departmental presentations, the Acting Senior Manager Corporate Services, Ms Sophie Dube encouraged staff to learn on the fund as it has a critical role in their retirement period. For her part, the representative from The Botswana Public Officers Pension Fund, Ms Monei Manowe explained the different functions formulating the fund which included a Board of trustees, unions, various committees such as audit and risk, finance and corporate communications.

Manowe stated that the retirement ages include early retirement at 45 years old as well as the 60 years retirement age. She said that upon retirement the one third of funds given is tax free and the remaining two thirds is paid monthly She said that amounts exceeding P3000 are taxed; if the monthly payments calculated are less than P416 it can be wholly paid. If more than that it can be paid per months or years depending on the owner’s preference. “Pension can only be paid before retirement age if the owner is proved to be ill or disabled and can no longer work. Deferred members or those leaving government for private sector can also be granted their pension.” Before any payments are made, it is fist clarified with Botswana Unified Revenue Services (BURS) if the owner does not have outstanding balances. The personal files are then sent to BURS for clearance, she therefore encouraged staff to ensure that they file their tax returns. Read more...