The agency advised that in order to ensure seamless withdrawal requests to the GEPF, members must ensure that your banking information, currently provided by their employer, is up to date.

It said this followed an amendment that improved members’ withdrawal benefits. According to the GEPF’s response, the board has revised the clean-break principle in favour of adjusting the ...

The GEPF operates as a defined benefit scheme ... it is evident that at age 76 (11 years into retirement), the maximum legislated withdrawal rate of 17.5% on a living annuity is reached.

referring to the way in which pension withdrawal benefits are calculated, which has changed since 2012. Before, if a member withdrew from the GEPF before retirement, for whatever reason ...

ANOTHER showdown between the government and public sector unions is looming over the exclusion of public servants from early access to a portion of their retirement funds. The government announced ...

Based on these estimates and excluding an estimate of withdrawals in respect of GEPF members, the withdrawal fees that could be paid to administrators in the tax year from 1 September 2024 to 29 ...

He is disappointed that the treasury will not allow government employees, who belong to the Government Employment Pensions Fund (GEPF), to make emergency withdrawals from their pensions.

Over the last two weeks I have been inundated with complaints from Government Employees' Pension Fund (GEPF) members about the delay in processing withdrawals from their savings pot. While this is an ...

Labour federation Cosatu and the Public Servants Association have hit out at National Treasury's statement that members of the Government Employees Pension Fund (GEPF) will be excluded from new rules ...

When a member of the Government Employees Pension Fund (GEPF) passes away in the sixth year after retirement, several benefits come into effect. This was explained by Finance Minister Enoch ...