The Government Employees Pension Fund Pensioners Will Receive A 6% Annual Pension Increase As Of 1 April 2024
The Government Employees Pension Fund (GEPF) is pleased to announce an annual pension increase of 6% to its pensioners effective 1 April 2024. Pensioners who retired on or before 1 April 2023 are to receive an increase of 6%. Pensioners who retired after 1 April 2023 are to receive a proportionate increase based on the […]
Government Pensions Administration Agency (GPAA) data breach
MEDIA RELEASE 12 March 2024 The Government Employees Pension Fund (GEPF) has noted the release of data purportedly from its administrator, the Government Pensions Administration Agency (GPAA) by the ransomware group LockBit. The GEPF is extremely concerned with this alleged security breach, as it was informed by GPAA that no data breach had occurred when […]
GEPF’s investment strategies continue to protect the Funds’ assets as it reaches R2.32 trillion market value amidst a poor performing South African and global economy
MEDIA RELEASE 20 November 2023, Pretoria The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2023. Key Performance Indicators: In a period of uncertainty including poor economic performances, globally and in South Africa, the financial year 2022/23 was a challenging year for investors around the […]
GEPF Chairperson Dondo Mogajane announces launch of Transformation Policy
Media Statement10 October 2023 Government Employees Pension Fund (GEPF) Chairperson Dondo Mogajane officially launched the GEPF’s Transformation Policy last week, marking a watershed move for economic transformation in South Africa. This policy, unveiled at the GEPF Annual Thought Leadership Conference 2023 in Cape Town, will throw the full weight of Africa’s largest pension fund behind […]
Reminder for multiple income earners to make their choices
Media Statement27 June 2023 In September 2022, some Government Employees Pension Fund (GEPF) pensioners were taxed at a higher tax rate following a directive from the South African Revenue Service (SARS) as informed by a provision for a revised rate of tax in the Income Tax Act. This provision was only applicable to pensioners with […]
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 […]
