Click on the link to read more, https://bit.ly/365UzbN #YourInvestmentYourFuture. GEPF and sustainability of its return on investments. You may not have many options in terms of earning an income... As you enter retirement, one of your biggest risks is that you could experience a delay between when you receive your final paycheque and the first payment from your pension. I have received many queries from readers about the proposal to allow members of retirement funds limited access to their retirement funds due to the COVID crisis. His papers in this regard have yet to be received,” said Mkhwebane. Click on the link to read more, https://bit.ly/365UzbN #YourInvestmentYourFuture In fact, thanks to an above-inflation adjustment to the tax brackets, personal income tax payers receive back R2.2bn. Somaya Stockenstroom. It is staggering that in its latest report, the GEPF reports losses of R214.4 billion for the year, ... Citizen Daily Newsletter; Any changes relating to early access to funds in a private-sector pension fund or RA will have no bearing on members of the GEPF. As it currently stands the GEPF does not allow any withdrawal from the pension fund while employed, nor does it allow members to use their GEPF funds as part of any pension-backed home loan scheme. SABC clobbers GEPF in R760 million contract breach court battle. Image: 123RF . Sign up for the Maya on Money weekly newsletter for updates that impact your day-to-day money decisions. According to the GEPF 2017 annual report, the fund invests in a combination of investments that seek growth such as equities and property, and those that are designed to … Let’s assume you have multiple credit facilities and owe a total of R50 000. This was revealed by the Government Employees Pension Fund at the information session held in George, Western Cape today. The message below will appear. General Use. Some advisers use fear tactics, telling members that their funds … South Africa has recorded 4,000 Covid-19 re-infections. Sarah Rundell February 21, 2018. View banking details that GEPF has on its system. The Government Employees Pension Fund (GEPF) is looking for people listed below or their family members I beneficiaries (if the list/names are deceased) in the Mpumalanga Province to contact us immediately in connection with their pension benefits. Latest News GEPF is 100% funded. According to the latest valuation, undertaken as at 31 March 2018, the GEPF is 108% funded. The GEPF is not a private-sector fund and is governed by the Government Employees Pension Law (1996) which can only be amended by parliament. The Government Employees Pension Fund (GEPF) has launched a self-service web system and app to enable its members to access and update their … Public Investment Corporation has not had a permanent chief executive since the resignation of Dan Matjila in December 2018. What about the local government employees. The R40bn tax measures that were proposed in the 2020 October...  28 February is a very important date for your finances as it marks the end of the financial year. Lates government employees pension fund (gepf) News & Trends in South Africa. The Government Employees Pension Fund (GEPF) is pleased to announce the appointment of Mr. Musa Mabesa as its new Principal Executive Officer (PEO). If you are struggling to repay your debts and find yourself over indebted, you may need to consider debt review. Latest news and views in Brief. Home GEPF ANNUAL RESULTS AS AT FINANCIAL YEAR-END MARCH 2020. The Credit Ombud wants to remind consumers that there are ways to ease the woes that come with being unemployed while having debt, and you shouldn’t just ignore your credit providers. Please contact GEPF’s contact Centre on 0800 117 669 or visit your nearest walk-in Centre or email the GPAA enquiries at enquiries@gpaa.gov.za should you find the information to be inaccurate. Latest news in Banking & Finance GEPF renews services of Standard Bank to monitor f… South Africa’s Government Employees Pension Fund (GEPF), one of the leading pension funds in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for its portfolio of assets Required fields are marked *. The GEPF made losses of R214.4 billion for the year, and the market value of investments dropped 11.47% to R1.61 trillion. Our latest FundNews newsletter about GEPF pensioner news is out! The … On Friday, 11 December Solidarity issued a letter of caution to the boards of the Government Employees’ Pension Fund (GEPF) and the Public Investment Corporation (PIC) to prevent any pension money from being used as bailout for Eskom. Ngwako Malatji, . This … 7th Pay Commission latest news: REVEALED! Month 12: Take the R2 450 from your personal loan repayments and hit that credit card with R4 950 per month. This applies to all proposals around retirement reform in respect of the Pension Funds Act, including annuitisation. The Banking Association South Africa recently announced that only R17.84bn of the R200bn Covid-19 Loan Guarantee Scheme for small businesses had been approved by banks. GEPF Administration Office Building 2A, Trevenna Campus Corner Meintjies and Francis Baard Street Sunnyside, Pretoria. It is your responsibility to ensure that your information, access details and password for this self-service portal are protected at all times. This includes all tax deductions. However, this changed on 1 March. The GEPF wanted the SABC to be held liable and pay about R760m in outstanding rental, as a consequence of occupying and using the studio complex. View banking details that GEPF has on its system. Tel: +27 80 011 7669 Fax: +27 12 326 2507 GEPFNews By admin. Aubrey Mothombeni. government employees pension fund (gepf) Viral Photos & Videos. It is not governed by the Pension Funds Act (PFA) and any announcements or changes relating to the Pension Funds Act will have no bearing on members of the GEPF. The Public Investment Corporation is bumping heads with some black-owned businesses it has sponsored and is refusing to repent on a ruling made by the Supreme Court. The GEPF’s investment strategy considers the Fund’s risk profile, assets and liabilities. The basics The GEPF is Africa’s largest pension fund. It would be a challenging actuarial calculation to work out the impact on years of service if funds were advanced, or if a creditor demanded payment when the funds were used as collateral for an unpaid loan.

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