GEPF

How Many Years Do You Have To Go To Pension

Knowing your retirement is a very important aspect of financial ability, and knowing how many years you have to access your pension plays a big part in that preparation. Typically the retirement age depends on your country’s retirement age, your current age, and the type of pension plan you have registered for. Understanding these factors helps you to estimate how close you are getting to retirement.

ALSO READ: What is the lump sum of pension benefits when someone dies?

Steps To Take To Prepare For Pension

Preparing for retirement requires a blend of financial planning and lifestyle as well as your health. Below are the steps to take

Assess your retirement goal
Evaluate your financial situation
Maximize your retirement savings
Create a retirement budget

Types Of GEPF Pensioners

Ordinary Pensioners

An ordinary pensioner is a retired government employee who has saved for retirement throughout his or her career by paying monthly contributions to the GEPF. In return, following retirement, a pensioner is guaranteed certain pension and other benefits.

Medical Pension

These benefits are paid to government employees whose service is ended for medical reasons or because of an injury suffered.

Military Pensions

Military pensions are paid to members of the South African National Defence Force who are injured or disabled while performing their military service. Benefits depend on the extent of the disability. A gratuity, a once-off cash lump sum, is paid if the degree of the disability is less than 20 percent. Military pensioners are also entitled to medical treatment and appliances for their disabilities.

Eligibility Age For Official Retirement

The official retirement age for government employees is 60 years and above.

Contact Details

Toll-free number: 08 00 117 669

Fax: 012 326 2507

Email: enquires@gepf.co.za

Postal Address: GEPF Private Bag X63, Pretoria

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Visit the official website whenever you are finding difficulties with anything relating to GEPF. And don’t forget to write down your suggestion in the box provided below

Linda Nartey