Who Qualifies For A South African State Pension
Who Qualifies For A South African State Pension
The South African State Pension which is also called the older person grant gives financial assistance to individuals who have reached their retirement age and do not have any source of income to support or assist themselves during the challenging moments they get to face when they are retirements.
The Government Employee Pension Fund is one of the largest funds in South Africa assisting such individuals when they attain such age. Below are the criteria needed to be eligible for the state pension.
Necessities Needed To Qualify For A South African State Pension
Here are the requirements needed for a state pension in South Africa
- Be a South African Citizen/Permanent Citizen Dwelleer/ Refugee
- Must settle in South Africa
- Must attain the age of 60 years and above
- Should not be receiving any other grants for themselves
- Individuals with limited financial resources
Pension Payments Dates
Beneath are the dates on which remittances are paid to members
- 30 April
- 31 May
- 30 June
- 30 July
- 31 August
- 30 September
- 29 October
- 30 November
- 31 December
- 31 January
- 28 February
- 31 March
How To Check Your State Pension If You Qualify For One
There are easy ways to access the Government Employee Pension Fund, that is if only you are qualified for the state pension fund all a member needs is a valid ID number and password to gain access to the self-service portal of GEPF.
Some Benefits Of the Government Employee Pension Fund
- Death Benefits
- Unclaimed Benefits
- Divorce Benefits
- Resignation Benefits
- Retirement Benefits
- Child Pension
- Spouse Pension
Who Manages The Investment Of GEPF
The Public Investment Corporation, Or PIC is the assets management company for the GEPF and invests funds on behalf of the fund. The Public Investment Corporation is wholly owned by the South African government and is the only assets manager that serves South Africa’s public sector.
Client Centre
GEPF Administration Office
Buiding 2A, Trevenna Campus
Corner Meintjies and Francis Baard
Street
Sunnyside, Pretoria
0001
Visit the official website for more information. And don’t forget to leave your thoughts under the suggested box below.