PROVINCIAL CONFERENCE Date: 2019/05/30 PROVINCIAL CONFERENCE Name: SIPHO ZWANE Audience: Schools Principals

INTRODUCTION Government Employees Pension Fund Law,1996 (GEP LAW) The Government Employees Pension Fund is a defined benefit pension fund. A defined benefit pension fund is a fund where the benefits are defined in terms of the rules. Benefits are generally guaranteed and are not dependent on the investment returns of the fund or on the level of employer contributions.

RETIREMENT Early retirement Early retirement without penalty

RETIREMENT BENEFITS More than 10 years of service: Gratuity and Annuity payable into your own account Note: If you retire before the age of 60, your benefits will be reduced by 0.333 of a % for each month.

DIVORCE Divorce benefits in terms of section 7 (8) of the Divorce Act, 1979; As per settlement agreement Payable immediately after divorce of member (as of 2012/04/01) Submit a certified copy of your Decree and Settlement agreement to HR and the GEPF Tax implications: Before 13/09/2007 to member As from 13/09/2007 to ex-spouse

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GEPF CALL CENTRE 0800117669 enquiries@gpaa.gov.za www.gepf.co.za CONTACT DETAILS GEPF CALL CENTRE 0800117669 enquiries@gpaa.gov.za www.gepf.co.za

CONTACT DETAILS GAUTENG REGIONAL OFFICE PRETORIA Cnr Francis Baard and Meintjie str Trevenna Campus, Sunnyside JOHANNESBURG 74-78 Marshall street, 2nd floor UCB House, Johannesburg

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