How Long Does It Take To Get Your Money From GEPF
How Long Does It Take To Get Your Money From GEPF
The Government Employee Pension Fund is one of the biggest pension funds, providing financial backing to millions of South African citizens(employees). When it comes to accessing your hard-earned retirement savings, timing is very important. If you are a GEPF member pondering how long it takes to receive your pension payout, you are not alone.
The processing timing may vary depending on several factors depending on the type of benefits, completion of required legal papers, and administrative efficiency.
READ HERE: How do I find out my pension balance?
Procedures of Different Types of GEPF Benefits
Below are the general guidelines for different types of GEPF
- Pension Benefits: For the pension benefits to be processed it takes 30 to 60 days from the date of submission of complete legal papers.
- Lump Sum Benefits: It is usually between the periods of 15 to 30 days from the date of submission of complete legal papers.
- Withdrawal Benefits: It is also processed within the period of 15 to 30 days from the date of submission of complete legal papers.
- Funeral Benefits: Speed up processing usually within 5 to 10 working days from the date of submission of complete legal papers.
Take note that this processing timing is approximately calculated depending on the individual circumstances.
To Ensure Smooth And Efficient Claim Make Sure To:
- Submit complete and accurate legal papers
- Ensure timely contribution from employers
- Regular update your beneficiary information
READ MORE: Can I withdraw money from GEPF?
Here are some benefits derived from GEPF
- Child Pension
- Death Benefits
- Unclaimed Benefits
- Spouse Benefits
- Retirement Benefits
- Resignation Benefits
- Divorce Benefits
Contact Details
Toll-free number: 08 00 117 669
Fax: 012 326 2507
Email: enquires@gepf.co.za
Being conscious of the processing time is very important in planning your financial transition. While processing time varies, being aware of the processing timing is required. For more information on GEPF benefits and processing times, consider consulting the official GEPF website or contacting their customer service directly.
Official website HERE