Can I Borrow Money From My GEPF
Can I Borrow Money From My GEPF
The GEPF(Government Employee Pension Fund) serves as an important financial resource for government employees, providing them with a safety net for retirement savings and other financial needs. One of these factors is the ability for members to access funds through taking loans, offering convenient options in times of financial need. This facility allows members to leverage their accumulated savings to obtain loans.
However, understanding the terms and conditions as well as the implications of taking a loan from GEPF is essential for making well-informed decisions.
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Kinds of Benefits
- Retirement Benefits
- Resignation Benefits
- Unclaimed Benefits
- Death Benefits
- Divorce Benefits
- Child Pension
- Spouse Pension
- Funeral Benefits
Who Qualifies To Take Loan from GEPF
Unfortunately, the GEPF(Government Employee Pension Fund) does not give out loans to members as the funds are not being registered under the financial service provider.
Who Manages The Investments
The PIC(Public Investment Corporation ) is the assets management company for the GEPF and invests funds on behalf of the funds. The Public Investment Corporation is wholly owned by the South African government and is the only assets manager that serves South Africa’s public sector. It takes care of the investment needs of about thirty-five public-sector pensions, provident, social security, development, and guardian funds.
READ MORE: How do I find out how much is in my retirement?
Investment Purposes and Proposed Action
The long-term objectives of the GEPF are to provide pensions and other related benefits as promised in the Fund rules to pensioners, members, and their beneficiaries, grant annual increases to pensioners, and improve benefits and employer contribution rates.
Client Centre
- GEPF Administration Office
- Building 2A, Trevenna Campus
- Corner Meintjies and Francis
- Baard Street
- Sunnyside, Pretoria
- 0001
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