Who Qualifies For A GEPF Pension
Who Qualifies For A GEPF Pension
The Government Employee Pension Fund is one of the largest pension schemes in Africa and to be qualified for such a pension you must be a contributing member of the fund, typically employed by a government institution such as the national and the provincial department, state-owned entities, or other public service organizations. Qualified members are full-time employees, and permanent, employees but part-time employees with qualifying contracts may be considered. Being conscious of the eligibility criteria is very important in planning for your retirement.
Payment Dates For Pension
Here are the payment dates on which pensions are being paid
- 30 April
- 31 April
- 30 June
- 30 July
- 31 August
- 30 September
- 29 October
- 30 November
- 31 December
- 31 January
- 28 February
- 31 March
What Is The Qualifying Age For GEPF
The qualifying age for the Government Employee Pension Fund is fifty -five years and above
How To Check Your Pension Balance If You Qualify For GEPF
There is an easy and accessible way of checking your pension balance so far as you are eligible. The Government Employee Pension Fund(GEPF) now has a self-service portal and all that a member requires to have access to this portal is a valid ID number and password to gain access.
How The GEPF Invests
The fund has signed an investment mandate with the PIC(Public Investment Corporation), which is a state-owned assets manager responsible for investing asses t on behalf of the GEPF. The fund trains to invest responsibly for the long term by using active and passive investment strategies and following a core-satellites approach when issuing investment mandates.
What The GEPF Invests In
The fund invests mainly in the South African and African markets, while a small portion is invested in the global markets outside the African continent. Below are the four assets they invested in
- Equities
- Bond
- Properties
- Cash
The GEPF serves as a vital resource for those working in the government field to be able to access their financial freedom. Being aware of the qualifications helps you to plan your finances well.
Visit the official website HERE