What Benefits Do I Get At 60 What Benefits Do I Get At 60 Attaining the age of 60 years is a life well lived as an employee who is going on retirement you have to make sure that you are well prepared or plan for your retirement very well. On retirement, employees enjoy so… Read More »
Can I Borrow Money From My Pension Fund? Can I Borrow Money From My Pension Fund? No, you cannot borrow money from your GEPF pension fund account, as it is against the law for the GEPF to provide loans. The Government Employees Pension Fund (GEPF) does not offer loans or bonuses to its members and… Read More »
Does GEPF Pay Once? Does GEPF Pay Once? For retirees, GEPF provides ongoing monthly pension payments rather than a single payment. However, members who leave government service before reaching retirement age may receive a one-time lump-sum payment based on their contributions to the fund. According to the GEP Law, the Fund aims to grant annual… Read More »
How Is GEPF Payout Calculated? How Is GEPF Payout Calculated? If you are a member of the GEPF and are nearing retirement, you might be wondering how much you will receive once you retire. As a GEPF member, you contribute a percentage of your salary each month to secure your pension benefits. In addition, the… Read More »
How To See Pension Balance How To See Pension Balance The Government Employee Pension Fund (GEPF) is one of the largest pension funds in South Africa which manages their pension and other related benefits. It carries out the day-to-day administration while the PIC invests funds on behalf of the GEPF. Its current benefits structure offers… Read More »
How Do I Check How Much I Will Get When I Retire How Do I Check How Much I Will Get When I Retire Retirement preparation can be a very intimidating task, but being conscious of how much you can expect to receive upon retirement is very important for ensuring financial stability in your golden… Read More »
Can I Withdraw Money From GEPF While Working? Can I Withdraw Money From GEPF While Working? GEPF does not allow any withdrawal from the pension fund while employed. However, GEPF uses the two-pot system to make the retirement plans a bit flexible. The Two-Pot Retirement System allows members of a retirement fund to access a… Read More »
How Do I Know How Much Pension I Will Get? How Do I Know How Much Pension I Will Get? As a member of the GEPF, you set aside a portion of your salary every month to ensure your pension benefits. Your employer, the government, also contributes a monthly amount on your behalf. All members… Read More »
Do GEPF Members Get A Bonus? Do GEPF Members Get A Bonus? NO. The Government Employees Pension Fund (GEPF) does not offer bonuses to its members or pensioners. Since the Fund operates as a defined benefit fund rather than a financial services provider, it is not lawful for the GEPF to provide loans or bonuses.… Read More »
How Do I Get My Pension How Do I Get My Pension Arranging for your retirement is a vital way of securing your finances, and being conscious of how to get your pension is a key element of that arrangement. Whether you are reaching your retirement age or you just want to be prepared for… Read More »