The long-awaited amendment to the Government Employees Pension Law dealing with divorce debt has been signed into law.
Tag - Government Employees Pension Fund
In his budget address on 20 February 2019, Finance Minister Tito Mboweni announced an early retirement scheme for public servants whereby members of the GEPF could take early retirement from the fund without penalties.
The GEPF has announced some changes, including how a member’s pension is treated on divorce, and when a child qualifies for their parent’s pension.
If you are a government employee, you need to be wary of advisers who recommend that you resign in order to access your pension before retirement.
The Government Employees Pension Fund has issued a notice to members and pensioners that the new Taxation Laws Amendment Act will not affect their pensions or benefits.