WebApr 11, 2024 · September 2024’s figures show that inflation rose by 10.1%, which is much higher than 2.5% and wage growth of 5.2%. This means that state pension income will increase by 10.1%, so: WebThe Government Employees Pension Fund (GEPF) is Africa’s largest pension fund. We have more than 1.265 million active members, in excess of 473 312 pensioners and beneficiaries, and assets worth more than R2.09 trillion. GEPF is a defined benefit pension fund that was established in May 1996 when various public sector funds were consolidated.
GEPF continues with positive growth with record …
WebFeb 4, 2024 · Thursday, February 4, 2024. The Department of Public Service and Administration has announced an increase on government’s medical assistance to all employees on the Government Employees Medical Scheme (GEMS), with effect from 1 January 2024. In a statement on Thursday, Department of Public Service and … WebAccording to the GEP Law, the Fund’s stated aim is to grant annual pension increases on 1 April each year equal to: At least 75% of the year-on-year increase on the Consumer Price Index to the previous 30 November; plus. Any additional amount, after the increase … rocker patch template
What happens to your GEPF pension after five years?
WebMar 9, 2024 · The Government Employee Pension Fund (GEPF) has announced that its pensioners will receive an annual pension increase of 5.5% from April 1, 2024.. According to the fund, it instituted the increase ... WebMar 9, 2024 · Staff Writer 9 March 2024. The Government Employees Pension Fund (GEPF) has announced that an annual pension increase of 5.5% will be granted to its … WebGovernment offers public servants a 1.5% increase + a R1000 cash allowance, ... if no agreement is reached by 31 March 2024 on the 2024/2024 salary adjustment the cash ... will continue to be paid to all employees. It is acknowledged that the cash allowance is non pensionable. However, the GEPF provides for a “Additional Voluntary ... otc 1512