GEPF

How Do I Calculate My Pension Payout

The Government Employee Pension Fund is one of the largest funds in Africa and which is originated to support employees who are going on pension. If you are a retiree who is finding it difficult to calculate your pension payout not worry as this article will assist you through the process of calculating.

Ways To Calculate Your Pension Payout

Under this, we have some factors that help in the calculation of the pension payout

Defined Pension Benefit Plan

Under this defined pension benefit plan, the payout is usually based on the years of service, final average salary, and the benefit multiplier

Defined contribution Plan

Under this, the contribution plan determines your account balance, your investment returns, and your withdrawal rate.

Other Factors

Early or Delayed Retirement: Early retirement may reduce the benefits while delayed retirement may increase them. You may also choose to buy an annuity with your pension which will provide you with a fixed income for life

READ MORE; How do I check my GEPF balance online?

Benefits Of GEPF

Resignation Benefits
Retirement Benefits
Unclaimed Benefits
Child Pension
Spouse Pension
Death Benefits
Funeral Benefits
Divorce Benefits

Why The GEPF Doesn’t Loan Money To Its Members

The GEPF receives a lot of inquiries from active members and pensioners about the possibility of getting cash loans from the Fund. The GEP Law does not make provisions for loans to members as the fund is not a registered financial service provider. It will therefore be against the law to allow loans from the Government Employee Pension Fund.

For more inquiries visit the official website for updates on how to go about calculating your pension payout without difficulties.

When having difficulties don’t hesitate to contact the GEPF at