Government Employees Pension Fund (GEPF) has announced an annual pension increase of 5.5% to its pensioners and beneficiaries with effect from 1 April 2018. The GEPF has granted this increase to enable pensioners and beneficiaries to keep up with rises in inflation. Inflation over one year until 30 November 2017
All GEPF clients (members, pensioners and beneficiaries) have the responsibility to submit their tax returns to SARS every year during the income tax return season. Pensioners and beneficiaries should obtain the IRP5 from GEPF in order to submit their income tax returns in line with requirements.
STATISTICAL REPORT TOTAL ELIGIBLE VOTERS 68 447 (SANDF) 65 116 (SSA) 3331 Total Stamped Ballots (Votes Cast @ 10%) 7535 Total Number of Valid Votes (Candidate Distribution) 6057 Total Number of Invalid Votes (Captured on System)
STATISTICAL REPORT TOTAL NUMBER OF ELIGIBLE VOTERS 418 296 TOTAL VOTES CAST @ 6% 24 889 (Total Ballots Received (Stamp Numbers)) 24 086 (Total On-Line Votes (System)) 803 TOTAL NUMBER OF VALID VOTES 16 822 *TOTAL NUMBER OF INVALID VOTES 8067 *Above includes Duplicates, Spoilt Ballots, Counterfoils without Ballots
The Minister of Finance, Mr Nhlanhla Nene yesterday convened the first sitting of the new Government Employees Pension Fund (GEPF) Board of Trustees following the end of tenure of the previous Board. The new Board elected Dr Renosi Mokate as Chairperson and Mr Edward Kekana as Vice Chairperson.
Dear GEPF Pensioner/Beneficiary The Government Pensions Administration Agency (GPAA) has been made aware that some pensioners/beneficiaries may have not yet received their IRP5 certificate. The delay is attributable to a backlog at the South African Post Office that was caused by the recent workers strike.
The investment beliefs adopted by the Board of Trustees in March 2017 are stated below: 2.1. The GEPF’s investment strategy considers the Fund’s risk profile, assets and liabilities. Risk is considered at the asset class, portfolio, and investment levels.