The Government Employees Pension Fund Pensioners Will Receive A 5.55% Annual Pension Increase As Of 1 April 2023
Date: 14 March 2023 The Government Employees Pension Fund (GEPF) is pleased to announce an annual pension increase of 5.55% to its pensioners as of 1 April 2023. The GEP Law and Rules requires the Board of Trustees to implement annual pension increases as follows: In line with the GEP Law and Rules, the 5.55% […]
2020 Video By Mr. Geordin Hill-lewis About Gepf Plan To Bail Out Eskom Recirculating On Social Media
2 March 2023, Pretoria There is an old video from as far back as early 2020 that is recirculating on social media of the current mayor of Cape Town, Mr. Geordin Hill-Lewis, before he became the mayor, in which he states that the GEPF intends to bail out Eskom to the tune of R250 billion. […]
No Early Access Pension Withdrawal For Gepf Members In 2023
There has been a video and a message being circulated claiming that GEPF members will be allowed to make partial withdrawals from their pension fund as of early 2023. Please note the contents of both the video and the messages are incorrect and misinformed. GEPF members are not allowed to make any early access withdrawals […]
The Government Employees Pension Fund (Gepf) To Implement Revised Actuarial Factors Following Statutory Actuarial Valuation
MEDIA RELEASE 26 October 2022, Pretoria The GEPF will from 1 November 2022 implement its revised actuarial factors. This follows the 31 March 2021 statutory actuarial valuation report of the Fund. The actuarial interest factors are updated in line with any changes to the assumptions used at each statutory actuarial valuation of the Fund. The […]
Clarity on increased tax deductions on pension payments
MEDIA STATEMENT Date:04 October 2022 The Government Employees Pension Fund (GEPF) has noted the concern raised by some pensioners with respect to a reduction in their pension this month. As required by the Income Tax Act, the Government Pensions Administration Agency (GPAA) implemented a directive from the South African Revenue Service (SARS) that provided for […]
Minister of Finance appoints new GEPF Board
Monday, 4 July 2022. Pretoria – Minister of Finance Enoch Godongwana today convened the first sitting of the new Government Employees Pension Fund (GEPF) Board of Trustees. The new Board is led by Mr Dondo Mogajane as Chairperson and Mr Eddie Kekana as Deputy Chairperson. The Board of Trustees comprises of 16 members, 8 from the […]
GEPF and PIC sign a new unlisted investment mandate
03 May 2022 PRETORIA – The Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) have signed a new unlisted developmental investment mandate. The GEPF is the largest pension fund in Africa, with assets in excess of R2.1 trillion, which are managed by the PIC. The GEPF first introduced the unlisted developmental investment mandate […]
Gepf Cape Town Office Relocates
Cape Town: Tuesday, 29 March 2022 The Western Cape regional office of the Government Employees Pension Fund (GEPF) is relocating to new premises. The office, previously located at Thibault Square, Standard Bank Building in Long Street, Cape Town, will start operating from the Buitengracht Centre at 125 Buitengracht Street from Thursday 31 March 2022. The […]
The Government Employees Pension Fund Pensioners Will Receive A 5.5% Annual Pension Increase As Of 1 April 2022
PRETORIA, 07 MARCH 2022 The Government Employees Pension Fund (GEPF) announced that an annual pension increase of 5.5% will be granted to its pensioners as at 1 April 2022. This pension increase is based on the 5.5% inflation rate for the 12 months ending 30 November 2021 thus making the increase equal to 100% of […]
GEPF investment portfolio registers a 27.5% growth and a market value of R2.09 trillion
09 November 2021, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2021. Key Performance Indicators: Despite the turbulent and unpredictable market conditions during the financial year, the GEPF recorded a market value of R2.09 trillion at the close of its financial year on […]