Temporary Suspension of 2-Pot Withdrawals
The Government Employees Pension Fund (GEPF) wishes to inform its members that the submission of savings withdrawal applications will be temporarily suspended from 7 October to 21 October 2025. This pause is necessary to allow the Fund to update its systems with the recently implemented actuarial factors used to calculate members’ benefits. During this time, […]
GEPF statement on the developments at the Government Pensions Administration Agency (GPAA)
The Government Employees Pension Fund (GEPF) has noted the recent developments at its administrator the Government Pensions Administration Agency (GPAA). Amongst these developments are the suspension of the Chief Executive Officer (CEO) by the Minister of Finance, allegations of financial mismanagement and procurement irregularities in relation to the GPAA’s planned office move. These allegations have […]
THE GOVERNMENT EMPLOYEES PENSION FUND (GEPF) TO IMPLEMENT REVISED ACTUARIAL INTEREST FACTORS FOLLOWING 31 MARCH 2024 STATUTORY ACTUARIAL VALUATION
NoticeDate: 01 September 2025 The GEPF will implement updated actuarial interest factors with effect from 1 October 2025.These factors are derived from the assumptions adopted in the Fund’s most recent statutoryactuarial valuation as at 31 March 2024. The previous update to factors took effect on 1November 2022. The implementation of the revised factors follows the […]
STATEMENT IN RESPONSE TO INTERVIEW WITH MR. ZIRK GOUS OF THEASSOCIATION FOR MONITORING AND ADVOCACY OF GOVERNMENT PENSIONS(AMAGP) AS PUBLISHED ON BIZNEWS TV YOUTUBE CHANNEL
The GEPF is aware of an interview held with Mr. Zirk Gous, Spokesperson of AMAGP thathas been published on the YouTube channel, Biznews TV under the headline, “R33-billion inpension funds squandered on high-risk, politically-driven investments” that is beingshared on social media. A summary of the interview has also been published as an article onthe business […]
THE GOVERNMENT EMPLOYEES PENSION FUND RELEASES ITS LATESTSTATUTORY ACTUARIAL VALUATION RESULTS
The GEPF recently published the report on its latest statutory actuarial valuation, performedas at 31 March 2024. The Fund continues to be financially sound with a funding level beforecontingency reserves of 119%. This means that for each R100 owed to members, the fundhas R119 available to meet the payment. That is an improvement from the […]
STATEMENT IN RESPONSE TO VIDEO PUBLISHED BY WILLIAM PETZER PROVIDINGMISLEADING INFORMATION ABOUT THE GEPF
The GEPF is aware of a video being widely shared on social media that contains severalserious inaccuracies about the Fund’s financial health, the 2025 pension increase, and howthe GEPF operates. While we understand that members and pensioners are under financialpressure and want answers, it is important to deal with facts – not speculation ormisinformation. This […]
Gepf Media Statement On Allegations Made Against Chairperson Of The Board, Mr Dondo Mogajane
MEDIA STATEMENT -12 July 2024 The Government Employees Pension Fund is aware of an affidavit made by the former VBS Chairperson and the contents thereof. The GEPF will not comment at this stage about the contents of the affidavit including reference made to the GEPF Chairperson, as the matter is part of a legal process. […]
GEPF Self-service portal and App offline
Dear Members and Pensioners Please be advised that the GEPF self-service portal and app remain offline due to the cyber security breaches that occurred at our administrator, the Government Pensions Administration Agency (GPAA) in February and March 2024. The GPAA has determined that a complete rebuild of these platforms is necessary to ensure a more […]
Gepf Acknowledges Role Of Dr Motsuenyane In South Africa
Media Statement Pretoria: 02 May 2024 The Government Employees Pension Fund (GEPF) has noted with sadness the passing away of Dr Samuel Motsuenyane. Commenting on the role Dr Motsuenyane played in the South African economy, the Chairperson of the GEPF, Dondo Mogajane stated, “South Africa has lost an inspirational leader who had a profound impact […]
Reminder for multiple income earners to make their choices
Media Statement27 June 2023 In September 2022, some Government Employees Pension Fund (GEPF) pensioners were taxed at a higher tax rate following a directive from the South African Revenue Service (SARS) as informed by a provision for a revised rate of tax in the Income Tax Act. This provision was only applicable to pensioners with […]