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.

ALSO READ: How do I know if I get a full pension?

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.

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.

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