GEPF pensioners will receive a 3.6% annual pension increase as of 1 April 2020
Government Employees Pension Fund (GEPF) announced today that an annual pension increase of 3.6% to its pensioners will effect from 1 April 2020.
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Government Employees Pension Fund on Eskom Proposal
7 February 2020, Pretoria – The Government Employees Pension Fund (GEPF), has noted the recent media reports including government support as well as public discourse on the statement issued by the Congress of South African Trade Unions (COSATU) titled, “Key Eskom and Economic Intervention Proposals”.
Government Employees Pension Fund pensioners will receive a 5.2% annual pension increase
Government Employees Pension Fund (GEPF) announced today that an annual pension increase of 5.2% to its pensioners with effect from 1 April 2019. The GEPF has granted this increase to enable pensioners to keep up with rises in inflation.
Board Letter to GEPF Members and Pensioners About the PIC Inquiry
Dear Members / Pensioners As many of you are aware, the Public Investment Corporation Inquiry established by President Mr Cyril Ramaphosa, to probe allegations of impropriety at the Public Investment Corporation (PIC) has begun.
ACTUARIAL INTEREST EXPLAINED
WHAT IS ACTUARIAL INTEREST? The GEPF is a Defined Benefit fund. The Rules of the Fund stipulate that the benefit payable to a member on retirement is based on his or her pensionable salary and years of membership in the Fund. The benefit payable is not related to the contributions
GEPF pensioners and members untouched by new tax regulations
The Government Employees Pension Fund (GEPF) assured its members and pensioners that the new Taxation Laws Amendment Actwill not affect their pensions or benefits. As a defined benefit pension fund, the benefits of the GEPF are already taken as one third lump sum gratuity
R10.5 billion financing injected towards affordable housing for government employees
PRETORIA -The Government Employees Pension Fund (GEPF) through its investment manager Public Investment Corporation (PIC) has announced an investment commitment of R10.5 billion into SA Home Loans (SAHL) to facilitate housing financing for qualifying government employees and members of the public.
GEPF invests responsibly
GEPF exists to provide and pay benefits when due to public servants who are members as well as retirees. The GEPF would like to assure its members and pensioners that their pension benefits are safe. Members and pensioners are reminded that their benefits are paid in terms on the rules
NOTICE TO GEPF MEMBERS, BENEFICIARIES AND SPOUSES
TO: (i) ALL CURRENT MEMBERS; (ii) BENEFICIARIES AND SPOUSES WHO BECAME ENTITLED TO BENEFITS SINCE 1 APRIL 2015; AND (iii) FORMER MEMBERS WHO RESIGNED SINCE 1 APRIL 2015 NOVEMBER 2016 1. In August 2016, the Public Servants Association (“PSA”) applied to the North Gauteng High Court in Pretoria
GEPF pension benefits are intended for members, pensioners and beneficiaries
The Government Employees Pension Fund (GEPF) adheres to strict regulations governing its financial liability to members, beneficiaries and pensioners, as well as its financial soundness. There are very strict rules governing how benefits from the GEPF must be paid and distributed. These rules are spelled out in the Government Employees