The Eskom Pension and Provident Fund (EPPF) is a defined benefit pension fund that is registered as a self 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.The EPPF is an independent legal entity, which is governed by a Board of Trustees.
The EPPF is the second largest pension fund in the country in assets with a market value of over R90 billion as at 30 June 2013. The EPPF provides retirement, withdrawal and disability benefits to its members. It also provides death benefits for its in-service members, deferred pensioners and pensioners, which are paid to their qualifying beneficiaries.
The EPPF currently has around 90 full-time staff members to carry out the business of administering the EPPF, including in-house investment management activities.
The EPPF has a membership base of around 45 000 in-service members, 3 000 deferred pensioners and 34 000 pensioners and beneficiaries, as at 30 June 2013.
