Own Correspondent
1st August 2024
The Botswana Public Officers Pension Fund(BPOPF) has experienced a 15% growth in total assets to reach P108.8billion in the current financial year.
It has also maintained a strong funding ratio of [100.08%), demonstrating its ability to meet current and future obligations demonstrating resilience and strong performance despite sluggish economic growth with unemployment high and key export earners like diamond sales in decline.
“The final interest rate declared is 10.67%,” said Moemedi Malindah, Chief Executive Officer of the Botswana Public Officers Pension Fund(BPOPF).
Botswana Public Officers Pension Fund(BPOPF) says it will increase investment in diversified investments and strategic asset allocation. It also stressed a commitment to focusing on delivering exceptional value to its members through competitive returns, enhanced services, and robust financial health, which at the end will have effect of bolstering a solid post career life.
It will also focus on delivering exceptional value to members through competitive returns, enhanced services, and robust financial health, which at the end will have solid post career life.
“Our diversified investment portfolio has mitigated risks and enhanced returns, ensuring stability even in volatile markets. As you may be aware a while ago, we introduced Tshomarelo Member Portfolio for members who are closer to retirement,” said Gaone Macholo, Board Chairperson of the Botswana Public Officers Pension Fund(BPOPF).
BPOPF has also launched a Mobile App to enable members to access static data and benefit statements with relative ease in the comfort of their homes. It has also introduced mobile offices where it will be able to take services to members who are in the remote areas.
