What does GEPF mean in PENSION
GEPF stands for Government Employee Pension Fund. It is a public pension fund established by the South African government to provide retirement benefits to government employees. The fund was established in 1996 and is managed by the Public Investment Corporation (PIC).
GEPF meaning in Pension in Community
GEPF mostly used in an acronym Pension in Category Community that means Government Employee Pension Fund
Shorthand: GEPF,
Full Form: Government Employee Pension Fund
For more information of "Government Employee Pension Fund", see the section below.
GEPF
- GEPF is a defined benefit fund, which means that the benefits paid to members are determined by a formula based on their salary and years of service.
- The fund is funded by contributions from both members and the government.
- Members contribute a percentage of their salary to the fund, while the government contributes a matching amount.
- The fund is invested in a diversified portfolio of assets, including stocks, bonds, and real estate.
- The fund has over 1.3 million members and manages assets worth over R2 trillion.
Benefits of GEPF
- GEPF provides a number of benefits to its members, including:
- A monthly pension upon retirement
- A lump sum benefit upon retirement
- A disability benefit
- A death benefit
- The fund also provides a number of other benefits, such as:
- Financial advice
- Housing loans
- Education loans
Final Words: GEPF is a vital part of the South African retirement system. The fund provides a secure and reliable source of income for government employees in their retirement years. The fund is well-managed and is invested in a diversified portfolio of assets. As a result, GEPF is able to provide its members with a number of valuable benefits.
GEPF also stands for: |
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| All stands for GEPF |