Latest News

GEPF is 110.1% funded

GEPF pensioners will receive a 3.6% annual pension increase as of 1 April 2020

1 min read

Date: 02 March 2020

Pretoria – Government Employees Pension Fund (GEPF) announced today that an annual pension increase of 3.6% to its pensioners will effect from 1 April 2020.

Pensioners who retired on or before 1 April 2019 are to be increased with a total increase equal to 100% CPI which is 3.6% over the year to the previous 30 November with effect from 1 April 2020.

Pensioners who retired after 1 April 2019 are to be increased proportionally for each month of retirement between the date of retirement and 31 March 2020, with effect from 1 April 2020.

This pension increase is based on the 3.6% inflation rate for the 12 months ending 30 November 2019 thus making the increase equal to 100% of Consumer Price Index (CPI) and higher than the 75% of Consumer Price Index (CPI) provided in terms of GEP Law and Rules.

The GEPF has granted this increase to enable pensioners to keep up with rises in inflation.

It must be noted that increases which are above what is provided for in GEP Law and Rules is granted at the discretion of the Board taking the Fund’s investment performance into account.

END/

For more information please contact:

Call Centre: 0800 117 669 Email:

enquiries@gepf.co.za

Twitter: @GEPF_SA

Like what you see? Share with a friend.

Founder of SAAS First – the Best AI and Data-Driven Customer Engagement Tool


With 11 years in SaaS, I’ve built Million Verifier and SAAS First. Passionate about SaaS, data, and AI.

Share with your community!

In this article

Related Articles

Media Statement10 October 2023 Government Employees Pension Fund (GEPF) Chairperson Dondo Mogajane

2 March 2023, Pretoria There is an old video from as far

Date: 14 March 2023 The Government Employees Pension Fund (GEPF) is pleased

Media Statement27 June 2023 In September 2022, some Government Employees Pension Fund

MEDIA RELEASE20 October 2022, Pretoria The GEPF continues positive growth with a

There has been a video and a message being circulated claiming that

Breach Notification

NOTIFICATION OF SECURITY COMPROMISE AS PER SECTION 22 OF THE PROTECTION OF PERSONAL INFORMATION ACT, 4 OF 2013 ("POPIA")

The GEPF experienced a security breach and the compromise of personal information held on the GPAA systems and records between February and March 2024. Data subjects were notified of the security breach and potential compromise of personal information on 20 March 2024.

The GPAA immediately shut down all its systems and initiated its Cyber Incident and Response Plan to mitigate the damage at the time of the security compromise. As a result, the compromise of personal information was isolated and curtailed. The GPAA initiated an investigation into the cause and extent of the security breach and committed to providing updates/outcomes of the investigation as soon as practically possible.

Although the investigation is still ongoing, the assessment recently revealed a compromise of personal information of a number of data subjects. The extent of the compromise of personal information is still being investigated and will be communicated on the conclusion of the investigation.

The GPAA has put various additional control measures in place to strengthen the security safeguards on its systems since the incident. The GPAA is working with security agencies to strengthen control measures and avoid future reoccurrences.

The GEPF and GPAA recognises the importance of safeguarding personal information and is working actively to prevent any recurrence of security compromises on the GEPF and GPAA systems.

We apologise for any inconvenience caused and assure you that every reasonable step has been taken to ensure that all GPAA systems and platforms are safe and protected from unauthorised and unlawful access.

The security compromise was reported to the relevant authorities, entities and regulators for further investigations, support and transparency.

Gepf Logo