The sheer number of savings pot withdrawal applications by GEPF members has caused some technical glitches, but these are being dealt with and the speed of payouts should start improving soon. As at Friday 4 October, the GEPF had received 252 592...
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Two-pot withdrawals: GEPF members to start receiving payment soon
The Government Employees Pension Fund (GEPF) has confirmed that it will start processing payments for those members who have made applications to withdraw from their savings pot as part of the implementation of the new two-pot retirement system....
GEPF: Calculating your benefits under the two-pot system
This is the final video in a four-part educational series on the two-pot retirement system for GEPF members. Watch the first video here, the second video here, and the third video here. This video looks at the benefits you will get at retirement,...
GEPF: How savings pot withdrawals affect your retirement
This is the third video in a four-part educational series on the two-pot retirement system for GEPF members. Watch the first video here and the second video here. This video and article look at things to consider before you withdraw your pension...
GEPF: What happens if you resign after 1 September 2024?
This is the second video in a four-part educational series on the two-pot retirement system for GEPF members. Watch the first video here. When the two-pot retirement system is introduced on 1 September, one-third of future pensionable service will...
Understanding the two-pot retirement system for GEPF members
This is a four-part educational series on the two-pot retirement system for GEPF members. Over the next four weeks the various aspects of the two-pot retirement system will be unpacked, and members’ questions will be answered. On 1 September 2024...
GEPF targeted in disinformation campaign
Over the last month the Government Employees Pension Fund (GEPF) and its fund manager the Public Investment Corporation (PIC) have been the centre of what appears to be a disinformation campaign. This has been fueled by social media posts claiming...
GEPF revises resignation benefit
On 1 November, the Government Employees Pension Fund (GEPF) revised its actuarial factors. This will have an impact on the resignation benefit of members, in calculation of a divorce order, or for members who exit the fund with fewer than 10 years...
The GEPF formula for calculating payouts
The Government Employees Pension Fund (GEPF) is a defined benefit fund. This means the pension received by a member has nothing to do with the investment performance of the fund. A member's pension payout is determined according to the GEPF...
Vote for your GEPF trustees
The Government Employees Pension Fund (GEPF) will be holding its elections for new trustees from January to May 2022. GEPF elections are held every four years and are an opportunity for pensioners and members of the South African National Defence...
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How the GEPF manages members’ money
The GEPF's investment mandate has consistently delivered above-inflation returns, outperforming its benchmark over five years and resulting in a financially sound fund. South Africa is one of the few countries where the state pension is guaranteed by government, and...
Above-inflation returns for the GEPF
The Government Employees Pension Fund (GEPF) saw a significant 27.5% growth in its portfolio over the most recent financial year, bringing the total value of the fund to nearly R2.1 trillion. According to the annual financial results for the year ended 31 March 2021,...
How to provide for your financial dependants
Providing for your family if something happens to you is a priority for every parent. There are several things a member of the Government Employees Pension Fund (GEPF) needs to do to make sure their financial dependants are taken care of. Update your nomination forms...
What happens to your GEPF pension after five years?
As a financial journalist I often come across misinformation spread by unscrupulous financial advisers when it comes to the Government Employees Pension Fund. Most of these untruths relate to members’ funds at retirement, as the financial advisers are hoping for the...
Beware bad advice at retirement
Many members of the GEPF are being given bad advice by financial advisers, who are telling them that they should resign from the GEPF before retirement. Members of the Government Employees Pension Fund (GEPF) are being approached by financial advisers and being...
How tax works on your retirement fund
One of the most common complaints I receive from pensioners is that they pay tax on their retirement benefits. While one can sympathise with the plight of pensioners who often struggle to come out on their retirement income, one needs to understand the tax structure...
Self-service facility for GEPF members
Technology is making it easier for GEPF members and pensioners to keep track of their pension information and claims process. By downloading the new GEPF self-service mobile app onto your device, you can remove the frustration of standing in long queues at GEPF...
Do you have an unclaimed benefit with the GEPF?
The Government Employees Pension Fund (GEPF) is concerned with the increase in the number of unclaimed benefits and wants to pay them out. If you are a former government employee who did not claim a pension on retirement, it is possible that you have money owed to...
GEPF establishes complaints handling office
If you are struggling to get your claims processed or not receiving your benefits, help is at hand with the recent establishment of the Government Employees Pension Ombud (GEPO). The state is the largest employer in the country, and the Government Employees Pension...
Video: The true cost of cashing in your pension
Do you know the true future cost of cashing in your pension? The long-term consequences are not reversible and will leave many financially destitute when it comes to retirement. This video, as part of a member education series for the Government Employees’ Pension...