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READ: Pension benefits: Has your nomination form been updated? If a member passes away at any time during retirement, their surviving spouse receives a 50% or 75% pension for the rest of their life.
The GEPF says the advantage of this method is that the member’s years of service are not adjusted as a result of the divorce settlement, and therefore the member’s other benefits are not affected.
According to a GEPF spokesperson: "The GEPF spouse pension is a non-contributory benefit, therefore, if there is no claim from a life partner, the GEPF can't process the claim. "However, in a claim ...
The Government Employees Pension Fund (GEPF) Member Guide sets out how pension interest is dealt with upon divorce of one of its members. For purposes of the GEPF, the Divorce Act 70 of 1979 ...
The GEPF is one of the top ten largest pension funds in the world, with more than 1.3 million active members, more than 380 000 pensioners and beneficiaries, and assets worth more than R1 trillion.
Currently, non-member former spouses have to wait until their GEPF member former spouse leaves the fund as a result of retirement, resignation or death, before the benefits are paid out.
The GEPF must provide a lifetime pension for members, ensuring at least five years of payments. If a member dies in the sixth year, the surviving spouse will receive a reduced pension (either 50% ...
If you become a pensioner of the GEPF your benefits are protected against inflation as pension increases have been at or above inflation for the last five years.
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