What Is The Spouse Pension Percentage For GEPF?
What Is The Spouse Pension Percentage For GEPF?
If a GEPF member passes away after retirement, the spouse will receive a monthly pension amounting to either 50% or 75% of the member’s pension at the time of death. An eligible spouse or life partner is entitled to a share of the annuity the member was receiving.
In cases with multiple eligible spouses, the annuity will be divided equally among them. This annuity is a lifelong monthly pension and remains unaffected by any subsequent remarriage.
The same benefits apply if the member dies while still in service, provided they have at least 10 years of total pensionable service, which includes both the years worked and any unexpired time until reaching normal retirement age. This ensures that the spouse or life partner receives financial support, reflecting the contributions and sacrifices made by the GEPF member throughout their career.
How Is GEPF Spouse Pension Determined?
If a member passes away while still working, their spouse will receive 50% of the pension amount the member would have gotten if they had retired on the day they died. This 50% is the default option if the member didn’t choose between 50% or 75%, which are the available options.
It is important to make your choice between 50% and 75% carefully because it is final and cannot be changed later. Consider all factors and consult a financial adviser. For example, if you choose a reduced monthly pension to allow your spouse to get 75% and then your spouse dies before you, you will still be stuck with that reduced pension amount, as it won’t increase just because your spouse is no longer around.
The spouse pension is a lifelong benefit and continues even if the spouse remarries. If the member has more than one surviving customary spouse, the pension will be divided equally among them.
If a GEPF member dies after retirement, their spouse will receive a monthly pension of either 50% or 75% of what the member was receiving at the time of death. In this case, the member would have already completed a choice form regarding the percentage for their spouse’s pension.
How To Acess Your GEPF Spouse Pension
The spouse pension is available exclusively to the lawful spouse of a member or pensioner who has died. It won’t be paid to any other dependents or beneficiaries listed on the Nomination of Beneficiaries form. This pension is designed to last a lifetime and continues even if the spouse remarries.
If a member passes away and has multiple lawful spouses, the spouse pension will be shared equally among them. This ensures that all eligible spouses receive financial support after the member’s death.
CONTACT GEPF
Toll-free number: 08 00 117 669
Fax: 012 326 2507
enquiries@gepf.co.za
Postal Address
GEPF Private Bag X63,
Pretoria,
0001
For more information, visit the official website of the Government Employees Pension Fund. I hope the provided information is helpful, share your thoughts below in the comment section.