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

Linda Nartey