The GEPF remains financially strong and resilient, with 13.1% in investment portfolio growth forthe year 2024/2025.
MEDIA RELEASE 18 November 2025, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results and administrative highlights for the year ended 31 March 2025. Key Performance Indicators for the financial year: In the 2024/25 financial year, the Government Employees Pension Fund (GEPF) maintained strong performance despite global and domestic challenges. […]
CLARIFICATION ON THE IMPLEMENTATION OF REVISED ACTUARIALINTEREST FACTORS AS AT 1 OCTOBER 2025
MEDIA RELEASEDate: 15 October 2025 The GEPF implemented updated actuarial interest factors with effect from 1 October 2025. The factors are derived from the assumptions adopted in the Fund’s recent statutory actuarial valuation as at 31 March 2024. The implementation of the revised factors follows the completion of a consultative process with employee organisations (labour […]
Temporary Suspension of 2-Pot Withdrawals
The Government Employees Pension Fund (GEPF) wishes to inform its members that the submission of savings withdrawal applications will be temporarily suspended from 7 October to 21 October 2025. This pause is necessary to allow the Fund to update its systems with the recently implemented actuarial factors used to calculate members’ benefits. During this time, […]
GEPF statement on the developments at the Government Pensions Administration Agency (GPAA)
The Government Employees Pension Fund (GEPF) has noted the recent developments at its administrator the Government Pensions Administration Agency (GPAA). Amongst these developments are the suspension of the Chief Executive Officer (CEO) by the Minister of Finance, allegations of financial mismanagement and procurement irregularities in relation to the GPAA’s planned office move. These allegations have […]
THE GOVERNMENT EMPLOYEES PENSION FUND (GEPF) TO IMPLEMENT REVISED ACTUARIAL INTEREST FACTORS FOLLOWING 31 MARCH 2024 STATUTORY ACTUARIAL VALUATION
NoticeDate: 01 September 2025 The GEPF will implement updated actuarial interest factors with effect from 1 October 2025.These factors are derived from the assumptions adopted in the Fund’s most recent statutoryactuarial valuation as at 31 March 2024. The previous update to factors took effect on 1November 2022. The implementation of the revised factors follows the […]
STATEMENT IN RESPONSE TO INTERVIEW WITH MR. ZIRK GOUS OF THEASSOCIATION FOR MONITORING AND ADVOCACY OF GOVERNMENT PENSIONS(AMAGP) AS PUBLISHED ON BIZNEWS TV YOUTUBE CHANNEL
The GEPF is aware of an interview held with Mr. Zirk Gous, Spokesperson of AMAGP thathas been published on the YouTube channel, Biznews TV under the headline, “R33-billion inpension funds squandered on high-risk, politically-driven investments” that is beingshared on social media. A summary of the interview has also been published as an article onthe business […]
THE GOVERNMENT EMPLOYEES PENSION FUND RELEASES ITS LATESTSTATUTORY ACTUARIAL VALUATION RESULTS
The GEPF recently published the report on its latest statutory actuarial valuation, performedas at 31 March 2024. The Fund continues to be financially sound with a funding level beforecontingency reserves of 119%. This means that for each R100 owed to members, the fundhas R119 available to meet the payment. That is an improvement from the […]
STATEMENT IN RESPONSE TO VIDEO PUBLISHED BY WILLIAM PETZER PROVIDINGMISLEADING INFORMATION ABOUT THE GEPF
The GEPF is aware of a video being widely shared on social media that contains severalserious inaccuracies about the Fund’s financial health, the 2025 pension increase, and howthe GEPF operates. While we understand that members and pensioners are under financialpressure and want answers, it is important to deal with facts – not speculation ormisinformation. This […]
THE GOVERNMENT EMPLOYEES PENSION FUND PENSIONERS WILL RECEIVE A 2.9% ANNUAL PENSION INCREASE AS OF 1 APRIL 2025
The Government Employees Pension Fund (GEPF) is pleased to announce an annual pension increase of 2.9% to its pensioners effective 1 April 2025. Pensioners who retired on or before 1 April 2024 are to receive an increase of 2.9%. Pensioners who retired after 1 April 2024 are to receive a proportionate increase based on the […]
GEPF Board Appoints Frans Baleni as its Chairperson
Date: 12 December 2024 Pretoria – The Government Employees Pension Fund (GEPF) is pleased to announce the appointment of Mr Frans Baleni as a trustee and new Chairperson of the Board of Trustees. Mr Baleni was appointed Chairperson at the Board sitting of 11 December 2024, following the resignation of the former chairperson, Mr Dondo […]
