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 and the two thirds is taken as

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.  The investment aims to provide government employees and qualifying

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 for an

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

GEPF announces the 2017 Pension Increase

The Government Employees Pension Fund (GEPF) is proud to announce that the Board of Trustees has granted a 6.6% pension increase to pensioners with effect from 1 April 2017. “The increase is equal to the year-on-year change in the consumer price index (CPI) for the year to 30 November 2016,

Your retirement saving is safe with GEPF, PIC

Government Employees Pension Fund (GEPF) and Public Investment Corporation (PIC) reassure its members and pensioners that their benefits and pensions are not at risk.  The GEPF adheres to strict regulations governing its financial liability to members, beneficiaries and pensioners, as well as its financial soundness. Moreover, the GEPF has confidence

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