An Annuity is a contract agreed upon by a retiree and the retirement fund or an insurance company detailing how monthly pension payments would be made to the pensioner for the rest of his or her life.

When a member retires, he or she has the option to either buy a monthly pension (annuity) from the BPOPF or from an insurance company registered in Botswana. In terms of the Pension and Provident Funds Act and Regulations it is compulsory for a member to buy an annuity when he or she retires from the BPOPF.  To read more click here...

Members closer to retirement have a lower ability to take risk. In case of a loss they may not have sufficient time to recover before they retire. Their objective is, therefore, to preserve what they have accumulated over the years. To achieve this objective their money is invested in a Conservative Portfolio.

From April 2014, the Botswana Public Officers Pension Fund offers members nearing retirement an option to switch from the more aggressive portfolio (i.e. the Active Member and Deferred Pensioner portfolio to the more conservative portfolio (the Pre-Retirement portfolio). Deadline for submission is 31st January of every year. To read more click here...

When a member passes on, the whole benefit is paid out to the beneficiaries. BPOPF/ Employer undertakes investigations that will detemine the apportionment of the member’s accumulated pension to the beneficiaries.

The early retirement age is 45 years and normal/compulsory retirement age is 60 years. 

Yes! There are pensioners who are still paid with cheques and these pensioners are highly encouraged to use prepaid cash cards for their convenience. Nevertheless, those who are being paid through their Banks can also use cash cards if they are interested.

Additional voluntary contribution is the contribution that a member decides to contribute towards pension on top of the compulsory 5%. This would mean a higher pension deduction and the remaining salary is taxed.

The member starts contributing in a new account which is referred to as “active account”. The deferred account will remain deferred, it is not merged with the active account. When the member reaches 45 years which is the early retirement age, the member may retire on the deferred account while still working and contributing towards pension. At retirement from active employment, the two accounts will be merged.

The Insourcing came as a result of the BPOPF’s decision to improve service delivery time in a cost effective manner to members. This means that turnaround times for query resolution will reduce and the cost of administering the Fund is expected to reduce over time.

A Funeral advance is granted when a member of the Fund passes onto assist with funeral expenses. It is only meant for the member and family members and will be considered after it has been proven that they were indeed dependent on the deceased member.

The following documents are needed to rectify information in your benefit statement;

  • Confirmation of 1st appointment letter 
  • Certified copy of Omang
  • Copy of benefit statement
  • Marriage certificate/Decree Absolute (for change of surname)

For any enquiries, members are advised to visit or call any of the BPOPF offices around the country. We have offices in Gaborone, Francistown, Maun and Jwaneng (see contacts on this website).

Stay Informed

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Press Release - Member Records

BPOPF is currently updating its members records.

All members listed below, are requested to visit the BPOPF Head Office or contact us on…

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Here are some of the things that are considered when death benefits are allocated.

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Actuarial Valuation Report Simplified 2022

We have attached the abridged Actuarial Valuation Report for 2022.
Click on the link below to access the report.

Aug 03, 2022
How To Plan For Retirement

We have put together an article for you on the things to consider when planning for your retirement.

Aug 01, 2022
Declaration Of Final Interest Rates for 2021/2022

Please see attached the Final Interest Rates for the years 2021/2022

Jun 27, 2022
Data Clean Up Frequently Asked Questions

We have put together a list of questions and answers around the ongoing Data Clean exercise.

Jun 13, 2022
Statement Of Assurance

Please find attached a statement of assurance from the Board Chairman

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The Importance of Tax Filing

Please see attached column on the importance of filing your tax returns as a Member.

Feb 22, 2022
The Importance Of Retirement Planning

We have put together an article on the importance of retirement planning. Please read it as it will provide valuable insights on retirement and…

Jan 31, 2022
Pre Retirement Counselling

Ipaakanyetse go tlogela tiro ka bogodi go santse go nale nako.

Pre-Retirement Counselling ke di puisano tse re nnang letsone le maloko…

Jan 31, 2022
Pre Retirement Counselling

It’s never too early to start planning for retirement, the earlier the better.

This is a counselling session or discussion held with…