GEPF

How Do I Know When It Time To Retire

Deciding when to retire is a pivotal moment in one’s life, often filled with excitement and uncertainty. For many, retirement symbolizes a long-awaited opportunity to pursue passions, travel, or simply enjoy more leisure time. However, determining the right time to take this significant decision involves careful consideration of various factors, which include, financial readiness, personal goals, health, and lifestyle changes.

This post will explore the key indicators that can assist you evaluate whether you are prepared to transition into a new chapter of life and make the most of your retirement years.

When Is The Ideal Moment to Retire

Knowing when to retire is a personal question that solely depends on the individual’s health, life expectancy, financial needs, and individual circumstances. Different benefits and retirement plans have key dates tied to your age, such as social security benefits and required minimum distributions.

The research found out that retirement improves both health and life satisfaction but the age at which one’s retire impacts the quality of your retirement.

READ HERE: How do I check my pension claim?

When Is The Normal Time For Retirement

The normal time for retirement is 60 years for the Government Employee Pension Fund. This benefit is paid on whether a member has less than ten years of pensionable service or ten or more years of pensionable service.

Benefits Derived When You Retire

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

Client Centre

GEPF Administration Office

Building 2A, Trevenna Campus

Corner Meintjies and Francis Baard

Street

Sunnyside, Pretoria

Contact Details

Toll-free number; 08 00 117 669

Fax; 012 326 2507

Email: enquiries@gepf.co.za

Postal Address

GEPF Private Bag X63,

Pretoria,

0001

Remember retiring does not mean the end of you but rather a new opportunity to embrace the new chapter of your life. Visit the official website for more clarification and updates

Linda Nartey