How To Check Pension Amount

How To Check Pension Amount

Are you a government employee of GEPF(Government Employee Pension Fund) thinking of how to access your pension amount? Getting a hitch of your pension amount in your account is very important in the preparations and your ability to afford your expenses. This all-inclusive guide will assist you with some procedures below on how to:

• Examine your pension amount online
• Get access to your pension statement
• Verify your benefits
• Understanding your pension payout options

Examine Your Pension Amount Online

As a member of the GEPF(Government Employee Pension Fund) follow these procedures on how to access your pension amount online

• Members are to visit the official website of the GEPF
• Log in via the GEPF status portal and check
• Click on forgotten password and enter your username and password

Benefits of the GEPF

These are the benefits employees are associated with under the Government Employee Pension Fund

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

Percentage Contributed By Employers Of GEPF

The employer currently contributes a rate of 16% of pensionable salary in respect of ”services” members and 13% in respect of ” other” members, reflecting the differences in the benefits structure of these two categories of members. All members of the fund contribute a rate of 7.5% of pensionable salary

Life Verification of a Pensioner

For employees who receive Life Verification forms, the process is very essential because it safeguards the Government Employee Pension Fund and its members from fraud. It does this by demonstrating that pensions are being paid to the right people. The Life Verification form helps keep trace of pensioners overseas and ensure that pensions are paid to the living people.

To be able to complete the annual life verification procedures, a member needs to do the following:

• Fill in the certificate and make sure that all details are correct
• Have the certificate signed and stamped by the commissioner of oaths. A commissioner of oaths can be a magistrate, a postmaster, a bank manager, a lawyer, or any prominent personnel in a higher position
• Attach a certified copy of your identity legal papers to the form. This copy should not be more than six months old
• Post the certificate of the GEPF or hand it to the nearest GEPF Regional Office

Regularly checking your account will help you know if your monthly payments are being made to your account successfully or not and make a good decision about your finances. You can visit the website for more inquiries HERE