Government Employee Pension Fund

Pension Redress Program

Pension Redress Program The parties to the PSCBC, on the 02 September 1998 and 29 November 2002 respectively, agreed on a pension restructure process through the Public Service Co-ordinating Bargaining Council (PSCBC) Resolution 07 of 1998 and Resolution 12 of 2002. The aim of the two resolutions is to provide compensation to government employees who

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Divorce and the GEPF

Does my pension interest in GEPF form part of my assets for purposes of divorce? Depending on the nature of the marriage, the court may make a ruling as to how the assets shared in the marriage, such as for example a house, vehicles and the like be divided between the parties. The question is whether the pension interest of any party to the divorce forms part of the assets? The answer is: yes. There are three types of marriage regimes in South Africa

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GEPF Clean Break Divorce Benefit Claims And Taxation

How does tax on the portion of the pension interest allocated by the court work? If the parties were divorced on or after 13 September 2007, the non-member spouse will be taxed in his or her own right. If the parties were divorced before 13 September 2007, only the member spouse is taxed. However, should a non-member spouse owe the South African Revenue Service (SARS) any tax, this will be deducted from the benefit by SARS, regardless of whether the parties divorced before or after 13 September 2007

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Government Employee Pension Fund (GEPF) Divorce Claims

Have you claimed your divorce benefit from your ex-spouse Government Employee Pension Fund? Or have you lodge a claim but are not getting any feedback from the GEPF? Have you been waiting longer than 60days for your payment? Because of the implimentation of the clean break principle former spouses (the non-member) of members contributing to the GEPF can now claim their share of the fund as stipulated in their divorce order and don’t have to wait until retirement, resignation or death.

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