Eskom Pension and Provident Fund
Welcome to the Eskom Pension and Provident Fund.
The Eskom Pension Fund is a Defined Benefit (DB) fund with defined employer and employee contributions. The Fund provides retirement, withdrawal, death and disability benefits to members, pensioners and their dependants. The Fund is registered as a privately administered pension fund in terms of the Pension Funds Act of 1956 and approved as a pension fund in terms of the Income Tax Act of 1962.
At the previous year-end (30 June 2012), the Fund had 41 808 members, the majority of which contribute 7.3% to the Fund with the employer contributing 13.5% of pensionable emoluments. As at 30 June 2012, the Fund had 34 294 pensioners. The market value of the Fund's assets as at 30 June 2012 was more than R77.6 billion.
The Fund is governed by a Board of Trustees. The Audit and Risk Committee, Human Resources and Remuneration Committee, Benefits Committee, and the Strategic Investment Committee are subcommittees reporting to the Board of Trustees.
The Board of Trustees comprises the following:
- Seven Trustees appointed by the Eskom Board;
- Two Trustees elected by pensioners;
- Two Trustees elected by non-unionised members;
- Three Trustees elected by the members belonging to trade unions.
The Fund currently has 88 full-time staff members to carry out the business of administering the Fund, including in-house investment management activities.
The Eskom Pension and Provident Fund (the Fund) takes reasonable care to ensure that the information on this website is accurate and complete. However, all the information that is provided is for general purposes only. The information is not intended to be comprehensive and in detail. You must not rely on the information on this website as an alternative to the provisions of the Rules of the Fund. The Fund makes no claims, promises or guarantees – whether express or implied- about the accuracy, completeness, or adequacy of any information contained on this website.
The Fund does not accept any responsibility for loss or damage which may arise in connection with the use or reliance upon any information appearing on this website.
You should therefore always consult the latest registered Rules of the Fund on the unique facts and circumstances of your specific situation.