The Eskom Pension and Provident Fund (EPPF) provides retirement fund administration services for the members of the EPPF
Read moreThe Eskom Pension and Provident Fund (EPPF) provides retirement fund administration services for the members of the EPPF
The Eskom Pension and Provident Fund (EPPF) provides retirement fund administration services for the members of the EPPF. The membership of the EPPF comprises in-service members, deferred pensioners, pensioners, and beneficiaries. In-service members join the EPPF as part of the conditions of service of their participating employers and proceed to become deferred pensioners or pensioners during various life stages. The EPPF pays benefits to qualifying beneficiaries in the event of the passing away of an in-service member, pensioner, or deferred pensioner.
The Eskom Pension and Provident Fund (EPPF) provides retirement fund administration services for the members of the EPPF.
Ensure that proper control systems are employed by or on behalf of the Board.
Ensure that adequate and appropriate information is communicated to the members of the EPPF informing them of their rights, benefits, and duties in terms of the rules of the EPPF.
Take all reasonable steps to ensure that contributions are paid timeously to the EPPF in accordance with the Pension Funds Act.
Obtain expert advice on matters where Board members may lack sufficient expertise; and
Ensure that the rules and the operation and administration of the EPPF comply with the Pension Funds Act and all other relevant legislation.
Voluntary additional benefit scheme was introduced
EPPF changed to the new name Eskom & Provident Fund and the Deferred Pension Scheme was launched
Performance bonus scheme introduction in the EPPF
R100 Billion exceeded for the first time by the fund's assets (managed on behalf of 90 623 members)
R140 Billion mark surpassed in assets under management
81 522 In-service members, Deferred pensioners and pensioners