What Is the Minimum Pension Amount
What Is The Minimum Pension Amount
A minimum pension amount refers to the least sum of money that the government or pension scheme guarantees to retired qualified individuals to ensure they have basic income during their retirement. This concept is important in providing financial security to the elderly especially those who did not get the opportunity to accumulate their savings. By setting a minimum pension, countries aim to reduce poverty among the elderly ensuring that they can cover their basic expenses such as food, clothes, etc.
Kinds Of GEPF Benefits Grants
- Retirement Benefits
- Resignment Benefits
- Unclaimed Benefits
- Spouse Pension
- Child Pension
- Death Benefits
- Funeral Benefits
- Divorce Benefits
How To Check Your Minimum Pension Amount
To check your pension minimum wage or grant follow this prompt
- Members should visit the official website
- Members should log in via the GEPF status check portal
- Click on forgotten password and enter your details to complete all requirement
How Does The Two -Point Retirement System Work
It gives members access to some of their savings for urgent use, whilst safeguarding the steady and reliable income after retirement. It is an approach that carefully balances the need for long-term retirement security with the capacity to meet immediate financial crises.
What The GEPF Invests Into
The GEPF invests in four main categories they are:
- Equity
- Fixed income
- Properties and
- Isibaya Funds
How The GEPF Invests
The fund aimed to invest responsibly for the long term by using active and passive investment strategies and following a core-satellite approach when issuing investment mandates.
READ HERE: Where can I find my retirement account statement?
Client Centre
GEPF Administration Office
Building 2A, Trevenna Campus
Corner Meintjies and Francis Baard
Street
Sunnyside, Pretoria
Tel: +27 80 011 7669
Fax: +27 12 326 2507
If you need assistance do not hesitate to seek one by visiting the official website for clarification and beware of fraudulent activities. Official Website