Deferred Pensioners

All in-service members who exit the EPPF before turning 55 years may choose to transfer their whole Pension Fund value into the EPPF’s Deferred Pension Scheme. Alternatively, the members can take a maximum of the tax-free amount (currently R25 000) in cash and defer the balance in the EPPF’s Deferred Pension Scheme

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Deferred Pensioners

All in-service members who exit the EPPF before turning 55 years may choose to transfer their whole Pension Fund value into the EPPF’s Deferred Pension Scheme. Alternatively, the members can take a maximum of the tax-free amount (currently R25 000) in cash and defer the balance in the EPPF’s Deferred Pension Scheme

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A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - July 2023


Member Update July 2023 - EPPF Goes Virtual


Member Update April 2023


A Message to In-Service Members, from the Chief Executive and Principal Officer - March 2023


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A Message from Shafeeq Abrahams, the EPPF Chief Executive and Principal Officer - November 2022


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EPPF INVESTMENT PERFORMANCE UPDATE (Q3, 2022)


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Member Update October 2022


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Member Update September 2022


Member Update August 2022


Member Update July 2022


Member Update July 2022


Member Update June 2022


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Message from the Chief Executive and Principal Officer


Pensioner Tax Update


Member Regulatory Update: Regulation 28 Amendments


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2021 Tax Certificate re-issue


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EPPF INVESTMENT PERFORMANCE UPDATE (Q1, 2021)


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EPPF appoints new Chief Executive and Principal Officer


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Power Talk December 2023


Pensioner Talk Newsletter December 2023


Pensioner Talk Newsletter September 2023


Power Talk Newsletter September 2023


Power Talk Newsletter July 2023


Pensioner Talk Newsletter July 2023


Power Talk Newsletter April 2023


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Power Talk Newsletter December 2022


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Power Talk October - November 2021


Pensioner Talk November 2021


Power Talk - June/July 2021


Pensioner Talk June 2021


Power Talk - November/December 2020


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Power Talk July/August 2020


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Pensioner Talk May 2020


Power Talk May 2020


December Power Talk 2019


December Pensioner Talk 2019 (Festive Edition)


September Power Talk 2019


August Pensioner Talk 2019


Power Talk 3rd Issue 2019


Pensioner Talk - 2nd Issue 2018


Power Talk 2nd Issue 2018


Pensioner Talk 1st Issue 2018


Power Talk March 2018


Power Talk October 2017


Pensioner Talk November 2017


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Pensioner Talk - September 2016


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EPPF Member Guide


Power Talk - September 2016


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Power Talk - December 2010


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EPPF Annual Financial Statements 2023


EPPF Annual Financial Statements 2022


EPPF Annual Financial Statements 2021


EPPF Annual Financial Statements 2020


EPPF Annual Financial Statements 2019


EPPF Annual Financial Statements 2018


EPPF Annual Financial Statements 2017


EPPF Annual Financial Statements 2016


Fund Factsheet January 2024


Fund Factsheet December 2023


Fund Factsheet November 2023


Investment Performance Update Q3 2023


Fund Factsheet October 2023


Fund Factsheet September 2023


Fund Factsheet August 2023


Fund Factsheet July 2023


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Investment Performance Update Q2 2023


Fund Factsheet May 2023


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Investment Performance Update Q1 2023


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Investment Performance Update Q4 2022


Investment Performance Update Q3 2022


Fund Factsheet January 2023


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Investment Performance Update Q2 2022


Fund Factsheet May 2022


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Investment Performance Update Q1 2022


Fund Factsheet March 2022


Fund Factsheet February 2022


Fund Facstsheet January 2022


Investment Performance Update Q4 2021


Fund Factsheet December 2021


Fund Factsheet November 2021.pdf


Fund Factsheet October 2021.pdf


Investment Performance Update Q3 2021


Fund Factsheet September 2021


Fund Factsheet August 2021


Fund Factsheet July 2021


Investment Performance Update Q2, 2021


Fund Factsheet June 2021.pdf


Fund Factsheet May 2021.pdf


Fund Factsheet April 2021.pdf


Fund Factsheet March 2021.pdf


Investment Performance Update Q3 2020


EPPF_Annual_Final_Financial_Statements_2020


Annual Financial Statements 2019


Annual Financial Statements 2018


Annual Financial Statements 2017


Annual Financial Statements 2016


EPPF Full Integrated Report 2023 (Single Page View)


EPPF Full Integrated Report 2023 (Double Page View)


Integrated Annual Report Guide for Members 2023


Integrated Annual Report Guide for Industry 2023


Integrated Annual Report Guide for Regulators 2023


Integrated Annual Report Guide for Sustainability 2023


EPPF Full Integrated Report 2022


Quick Guide for Members - Annual Report 2022


Quick Guide for Industry - Annual Report 2022


Quick Guide for Regulators - Annual Report 2022


Impact Report 2022


EPPF Full Integrated Report 2021


EPPF 2020 Valuation Results Summary


EPPF Full Integrated Report 2020


EPPF_Integrated_Report_2019


EPPF_Integrated_Report_2018


Annual Report 2017


Annual Report 2016


Annual Report 2015


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Update on Brian Molefe’s appeal effort


EPPF’s response on the topic of prescribed assets


Your EPPF recap on the two-pot retirement system


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Final reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive & Principal Officer - January 2024


A Message from Shafeeq Abrahams, EPPF’s Chief Executive & Principal Officer – December 2023


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EPPF is proud to release its 2022-23 results


Update: EPPF’s Two-pot Talk


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Coming Soon: EPPF’s Official Facebook Group


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Pensioners outside SA: Submit your Evidence of Survival info or risk your pension benefits being suspended


In-service Member Update: What the Two-Pot Retirement System Means


Member Update: Expect an email or call to rate our service over the last year


Member Update - 14 July 2023


Media Release: EPPF leads industry through its Net-Zero commitment


A Message to Pensioners from Shafeeq Abrahams, the Chief Executive and Principal Officer - March 2023


Pensioners and tax season: What to do if you receive more than one income


Rule Amendment 2


Member Update January 2023


Board of Trustee Elections


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - July 2023


Member Update July 2023 - EPPF Goes Virtual


Member Update April 2023


A Message to In-Service Members, from the Chief Executive and Principal Officer - March 2023


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - January 2023


A Message from Shafeeq Abrahams, the EPPF Chief Executive and Principal Officer - November 2022


Member Update November 2022


EPPF INVESTMENT PERFORMANCE UPDATE (Q3, 2022)


Pension Increase and Bonus November 2022


Member Update October 2022


Pension Fund Benefits: Actuarial Factors Review 2022


Rule Amendment 1


Member Update September 2022


Member Update August 2022


Member Update July 2022


Member Update July 2022


Member Update June 2022


How EPPF members are helping job sustainability


Member Update March 2022


Message from the Chief Executive and Principal Officer


Pensioner Tax Update


Member Regulatory Update: Regulation 28 Amendments


EPPF appoints new Chief Financial Officer


Member Update - January 2022


Eskom splits off transmission division


2021 Integrated Report


Member regulatory update: Release of the Two Retirement Reform Discussion


Message from the Chief Executive


Member Update - October 2021


EPPF’s Digital Transformation Journey


The EPPF partners with Equites Property Fund in logistics deal


The Minimum Individual Reserve (MIR) explained


Congratulations to all our winners


THE ENHANCED EPPF MOBILE APP FINALLY HERE!


Amended Fund Rules


Withdrawal of retirement savings by active members


Update: Impact of recent social unrest


EPPF Operations - impact of protests


2021 Tax Certificate re-issue


Scam alert warning


EPPF Message from the Chief Executive and Principal Officer


EPPF INVESTMENT PERFORMANCE UPDATE (Q1, 2021)


MEMBER UPDATE – APRIL 2021


Member Regulatory Update


EPPF appoints new Chief Executive and Principal Officer


Member Update: Business Maverick reporting


EPPF Chief Executive and Principal Officer to step down


2020 Integrated Report


2021 Pensioner increase and bonus


MEMBER UPDATE: NOVEMBER 2020


Member Update: EPPF’s digital transformation journey


UPDATE – BUSINESS MAVERICK REPORTING ON EPPF SANCTIONED BY PRESS COUNCIL


NEW EPPF BOARD APPOINTMENTS


Announcement: COVID-19 relief special bonus for EPPF pensioners


Announcement - Eskom Employee Benefits department


EPPF changes to new pension administration system


EPPF and Global ASP matter


Trustee Elections 2019/20 results announcement


IMPACT OF CORONAVIRUS (COVID-19) AND THE RATINGS DOWNGRADE ON THE EPPF INVESTMENT PORTFOLIO


Provisional Trustee Election Results


UPDATE: EPPF OPERATIONS DURING THE 21 DAY NATIONAL LOCKDOWN AS A RESULT OF COVID-19


EPPF COVID-19 (CORONAVIRUS) MEMBER UPDATE


RESPONSE TO MEDIA ARTICLE ON EPPF’S INVESTMENT IN MPANDE PROPERTY FUND


EPPF Member/Pensioner Update - Message from the Chairman


Media report on EPPF administration


Trustee Elections : Voting phase


Former Eskom GCEO pension pay-out update


2019 PENSIONER INCREASE AND BONUS


Employee Profile: meet Tetelo Mabona


RESPONSIBLE INVESTING BY PENSION FUNDS: THE ABC OF ESG


Appointment of Ms Linda Mateza as EPPF Chief Executive and Principal Officer


EPPF calls for asset owners to promote transformation at the third EPPF Transformation Breakfast


Trustee Elections 2019/20


Supreme Court of Appeal ruling on former Eskom GCEO pension pay-out case


THE POSITION OF THE FUND ON PRESCRIBED ASSETS


Board announcement to stakeholders


The EPPF Transformation Breakfast


Diversity in Asset Management


Waseema Mocke: A Life of Risk and Reward


Thandie Mashego: A Reflection on One Year at the Fund


Meet Our New Chief Investment Officer, Sonja Saunderson


Yolisa Skwintshi: Innovation Worthy of Nomination


EPPF investment in China A equities


Eskom Pension and Provident Fund CFO Shafeeq Abrahams steps into CEO role


EPPF head of HR Shyless Nkuna says servant leadership is paramount


Eskom fund supports Pension Funds Act amendments


No reason entities that manage people’s data should not implement Popia now


Technology fulfils human purpose in pension fund environment


The Great COVID-19 Crisis, where is the bottom?


INFRASTRUCTURE: HOW PENSION FUNDS CAN SERVE MEMBERS – AND THE NATION


The future of transformation in the investment industry and the EPPF’s role


Responsible Investing by Pension Funds: The ABC Of ESG


Sound corporate governance depends on ethical leaders – and you and me


Power Talk December 2023


Pensioner Talk Newsletter December 2023


Pensioner Talk Newsletter September 2023


Power Talk Newsletter September 2023


Power Talk Newsletter July 2023


Pensioner Talk Newsletter July 2023


Power Talk Newsletter April 2023


Pensioner Talk Newsletter April 2023


Power Talk Newsletter December 2022


Pensioner Talk Newsletter December 2022


Pensioner Talk Newsletter July 2022


Power Talk Newsletter July 2022


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Power Talk October - November 2021


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Power Talk - June/July 2021


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Power Talk July/August 2020


Pensioner Talk July/August 2020


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Power Talk May 2020


December Power Talk 2019


December Pensioner Talk 2019 (Festive Edition)


September Power Talk 2019


August Pensioner Talk 2019


Power Talk 3rd Issue 2019


Pensioner Talk - 2nd Issue 2018


Power Talk 2nd Issue 2018


Pensioner Talk 1st Issue 2018


Power Talk March 2018


Power Talk October 2017


Pensioner Talk November 2017


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Pensioner Talk - September 2016


Pensioner Talk - April 2016


EPPF Member Guide


Power Talk - September 2016


Power Talk - April 2016


Pensioner Talk - July 2015


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Power Talk - October 2014


Pensioner Talk - October 2014


Pensioner Talk - May 2013


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Power Talk - June 2013


Pensioner Talk - December 2012


Power Talk - August 2012


Pensioner Talk - July 2012


Power Talk - March 2012


Pensioner Talk - March 2012


Power Talk - October 2011


Pensioner Talk - October 2011


Power Talk - April 2011


Pensioner Talk - April 2011


Power Talk - December 2010


Pensioner Talk - December 2010


Power Talk - May 2010


Pensioner Talk - July 2009


Pensioner Talk - April 2009


Power Talk - March 2009


Power Talk - January 2009


EPPF Annual Financial Statements 2023


EPPF Annual Financial Statements 2022


EPPF Annual Financial Statements 2021


EPPF Annual Financial Statements 2020


EPPF Annual Financial Statements 2019


EPPF Annual Financial Statements 2018


EPPF Annual Financial Statements 2017


EPPF Annual Financial Statements 2016


Fund Factsheet January 2024


Fund Factsheet December 2023


Fund Factsheet November 2023


Investment Performance Update Q3 2023


Fund Factsheet October 2023


Fund Factsheet September 2023


Fund Factsheet August 2023


Fund Factsheet July 2023


Fund Factsheet June 2023


Investment Performance Update Q2 2023


Fund Factsheet May 2023


Fund Factsheet April 2023


Investment Performance Update Q1 2023


Fund Factsheet March 2023


Fund Factsheet February 2023


Investment Performance Update Q4 2022


Investment Performance Update Q3 2022


Fund Factsheet January 2023


Fund Factsheet December 2022


Fund Factsheet November 2022


Fund Factsheet October 2022


Fund Factsheet September 2022


Fund Factsheet August 2022


Fund Factsheet July 2022


Fund Factsheet June 2022


Investment Performance Update Q2 2022


Fund Factsheet May 2022


Fund Factsheet April 2022


Investment Performance Update Q1 2022


Fund Factsheet March 2022


Fund Factsheet February 2022


Fund Facstsheet January 2022


Investment Performance Update Q4 2021


Fund Factsheet December 2021


Fund Factsheet November 2021.pdf


Fund Factsheet October 2021.pdf


Investment Performance Update Q3 2021


Fund Factsheet September 2021


Fund Factsheet August 2021


Fund Factsheet July 2021


Investment Performance Update Q2, 2021


Fund Factsheet June 2021.pdf


Fund Factsheet May 2021.pdf


Fund Factsheet April 2021.pdf


Fund Factsheet March 2021.pdf


Investment Performance Update Q3 2020


EPPF_Annual_Final_Financial_Statements_2020


Annual Financial Statements 2019


Annual Financial Statements 2018


Annual Financial Statements 2017


Annual Financial Statements 2016


EPPF Full Integrated Report 2023 (Single Page View)


EPPF Full Integrated Report 2023 (Double Page View)


Integrated Annual Report Guide for Members 2023


Integrated Annual Report Guide for Industry 2023


Integrated Annual Report Guide for Regulators 2023


Integrated Annual Report Guide for Sustainability 2023


EPPF Full Integrated Report 2022


Quick Guide for Members - Annual Report 2022


Quick Guide for Industry - Annual Report 2022


Quick Guide for Regulators - Annual Report 2022


Impact Report 2022


EPPF Full Integrated Report 2021


EPPF 2020 Valuation Results Summary


EPPF Full Integrated Report 2020


EPPF_Integrated_Report_2019


EPPF_Integrated_Report_2018


Annual Report 2017


Annual Report 2016


Annual Report 2015


Annual Report 2014


Annual Report 2013


Annual Report 2012


Annual Report 2011


Annual Report 2010


Annual Report 2009


All in-service members who exit the EPPF may choose to leave a portion of their whole benefit in the EPPF’s Deferred Pension Scheme until retirement and become deferred pensioners of the EPPF.

Deferred pensioners may retire from the Deferred Pension Scheme and access their benefit from age 55 years and must retire from the Deferred Pension Scheme by age 65 years.

Deferred Pensioners as at 30 June 2020

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How do I change my personal details?

  • Submit your change of details to the EPPF in writing by post, email, or by logging onto our member portal.
  • Please provide your unique number, the previous details, and the new details to be updated.
  • The EPPF will send confirmation of the change of your details either by SMS or in writing.
  • Click here to submit your change of details via the website or click here for EPPF postal details.

How do I update my beneficiary nomination?

  • Log in to your profile to download the Beneficiary Nomination Form. Please make sure that you complete the Deferred Pensioner Beneficiary Nomination Form in detail.
  • Submit the original signed form to us by post or hand deliver it to our head office in Bryanston Johannesburg. Alternatively, you may deliver the documents at either of our regional offices – click here for contact details.
  • We recommend that you send posted forms via registered post to enable tracking of the form.
  • You may contact our Call Centre to confirm receipt and capturing of your nomination form.

How do I request my benefit balance in the Deferred Pension Scheme?

  • The EPPF sends your Deferred Pension Scheme statements annually between March and April by post and/or e-mail.
  • You may also register and login to your profile on this website to access your statements from the website.
  • If you wish to begin to receive your statement and EPPF correspondence by email, click here to log on to the member portal and download the Email Consent Form.
  • If you wish to receive prior statements, please call the EPPF Call Centre or click here to submit your request online.

When and how can I access my money in the Deferred Pension Scheme?

You may retire from the Deferred Pension Scheme anytime from age 55 to 65 years.

  • Complete the Application for Deferred Benefit Pension Form. Log in to your profile to download the form.
  • The form must be completed in original ink and have an original bank stamp.
  • Please contact us if you require assistance to complete the form.
  • If you leave or have left South Africa and wish to receive your pension in a bank account outside South Africa, you must also complete the International Banking log in to your profile to download the form.

What must my family do in the event of my passing before accessing my Deferred Retirement at age 55?

  • Your next of kin must contact us and complete a Death Benefit Form.
  • The original form must be submitted to the EPPF, together with the certified copy of original death certificate; and certified copy of original ID of the deceased’s member, spouse’s ID, marriage certificate; and bank details (original bank statement) of qualifying beneficiaries and their certified copy(s) of original IDs and the certified copy of original marriage certificate/proof of marriage for spouse.
  • Qualifying beneficiaries may receive a portion of a lump sum.
  • The death benefit is payable subject to the provision of Section 37C of the Pension Funds Act of 1956.
  • We have a period of 12 months in which to conduct the Section 37C investigations and for the Board of Trustees to conclude the determination on the distribution of your benefit to qualifying beneficiaries.

Can I continue to contribute to the Deferred Pension Scheme after I have left Eskom’s service?

No, unfortunately not. The South African Revenue Service prohibits continuing contributions by a person to an employer sponsored retirement scheme after the person is no longer employed by the employer. As soon as you leave the service, you are no longer an active member and contributions must cease.

What happens when I defer my pension to the EPPF Deferred Pension Scheme?

If you are an in-service member and leave your employer, you may transfer your benefit to the EPPF Deferred Pension Scheme. This means that you leave your pension benefit in the EPPF until your retirement date. The Deferred Pension Scheme allows you to leave your benefit in the EPPF while it attracts interest and grows. You will be able to retire from the Deferred Pension Scheme and access your benefit from the age of 55 years. You must retire from the Deferred Pension Scheme by no later than the age of 65 years.

What are my options when I defer my benefit?

You have three options on deferment:

  • Defer the full value of your benefit in the Deferred Pension Scheme.
  • Take the maximum of the tax-free portion and transfer the balance to the Deferred Pension Scheme; or
  • Take a cash refund equal to your accumulated member contributions (less tax – taxed at the rate applicable on withdrawal) and transfer the balance to the Deferred Pension Scheme. This option is only applicable to members who are retrenched before reaching the age of 55.

When and how can I access my money in the Deferred Pension Scheme?

You may retire from the Deferred Pension Scheme anytime from the age of 55 years until 65 years. When you retire from the Deferred Pension Scheme you have the option to take up to one third of your benefit in cash. The balance must be used to provide you with a monthly pension from the EPPF. To begin drawing a pension from the Deferred Pension Scheme, you must complete an Application for Retirement Benefits Form. If you wish to receive your pension in a bank account outside South Africa, you must complete the International Banking, together with the Application for Application for Deferred Benefit Pension. Log in to your profile to download both forms. Please note that you cannot access your funds for any reason before the age of 55.

Would my deferred benefit be affected in the event of a divorce?

If a divorce order was issued after you have already withdrawn from the EPPF, there is no pension interest left in the EPPF to be paid in terms of the Divorce Order. Pension interest refers to a resignation benefit that a member would have been entitled to had he resigned on the date of divorce. Because you have already withdrawn, the fund no longer holds pension interest on your behalf. Pension interest become a pension benefit on withdrawal. Therefore, the EPPF will be unable to make any payment of pension interest as that would be acting in contravention of the rules of the EPPF and the Pension Funds Act of 1956, which prevent the Fund from making any deductions from a member’s benefit if such a deduction is not in accordance with the Pension Funds Act read together with the Divorce Act.

The non-member spouse can claim payment of his/her benefit in terms of the Divorce Order directly from the deferred pensioner.

If I die as a deferred pensioner, will my spouse receive a monthly pension?

If you are married at the time of retirement, your spouse will receive a monthly pension upon your demise. However, if you marry after retirement, your spouse will not qualify for a monthly pension.

Can I change my mind and access my funds after deferring my pension before 55 years?

No, once a decision is made its irreversible. Deferred members cannot access their funds for any reason before the age of 55.

If you retire, the tax is payable as per the tax table below Tax payable on retirement and severance lump sum benefits for 2016/2017.

For Retirement, Death and Severance Benefits tax rates, go the South African Revenue Services’ website: Retirement, Death and Severance Benefits tax rates, on www.sars.gov.za.

2021

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Public Holiday

Payment: EPPF Pensioner Payroll

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All in-service members who exit the EPPF may choose to leave a portion of their whole benefit in the EPPF’s Deferred Pension Scheme until retirement and become deferred pensioners of the EPPF.

Deferred pensioners may retire from the Deferred Pension Scheme and access their benefit up to the age of 65 (64 years and 11 months).

Deferred Pensioners as at 30 June 2021


W‍ithdrawal 

An in-service member may, instead of taking a cash benefit, become a deferred pensioner and may be granted a benefit equal to the actuarial value, as determined by the actuary, in respect of completed service. All in-service members who exit the EPPF before turning 55 years may choose to transfer their whole Pension Fund value into the EPPF’s Deferred Pension Scheme. Alternatively, the members can take a maximum of the tax-free amount (currently R25 000) in cash and defer the balance in the EPPF’s Deferred Pension Scheme. Deferred Pensioners have an option of taking their deferred pension value as a 100% cash lump sum or transfer it to an approved fund of their choice. This option must be exercised before the Deferred Pensioner turns 65.

Retirement

A deferred pensioner may retire and take a pension at any time from age 55 but no later than age 65. The deferred pensioner may elect to receive a cash benefit not more than 1/3 of his/her total benefit. The balance shall be used to provide a monthly pension and will be calculated in accordance with the rules of the Fund.


Death before retirement from the Deferred Pension Scheme

If a deferred pensioner passes away before drawing a retirement from the Deferred Pension Scheme, the lump sum benefit in the scheme (transfer value, plus interest) will be allocated to his/her beneficiaries in terms of Section 37C of the Pension Funds Act. This means that the EPPF will conduct an investigation to verify whether the deferred pensioner had legal dependants (such as a spouse whom he/she married before deferring the benefit; minor children or adopted or posthumous children), or factual dependants (such as parents or a family member who is financially dependent on the deferred pensioner). The EPPF has up to 12 months to investigate and make a determination on the distribution of the benefit. If the deferred pensioner has no dependants, the benefit will be paid to the deferred pensioner’s estate. No further benefit will be payable from the EPPF. 


Death after retirement from the Deferred Pension Scheme ‍

If a deferred pensioner passes away after retiring from the Deferred Pension Scheme, the following benefits will be payable:

  • A pension equal to 60% of the current  pension at the date of death is payable to the spouse;

Plus

  • A further 30% of the pension if there is an eligible child (under 21 years), and an additional 10% if there are two or more eligible children.


The surviving spouse must be a spouse whom the deferred pensioner married prior to retiring from the Deferred Pension Scheme. If the deferred pensioner married after beginning to receive a pension from the EPPF, the surviving spouse will not qualify to receive a pension upon the deferred pensioner’s passing.


If there is no surviving spouse, but there is an eligible child, the child will receive a pension equal to 60% of the deferred pensioner’s pension at the date of death. If there are two or more eligible children, the percentage will increase to 100%.


If a deferred pensioner passes away within 5 years of their commencement date then the pension that would have been payable over the first 5 years of the retirement shall be paid as a lumpsum in accordance to section 37C of the Act.

Submit your change of details to the EPPF in writing by post, email, or by logging onto your profile.

  • Please provide your unique number, the previous details, and the new details to be updated.
  • Click here to log into your profile via the website or Click here for EPPF contact and postal details.

Log into your profile to download the Beneficiary Nomination Form. Please make sure that you  complete the Deferred Pensioner Beneficiary Nomination Form in detail.

  • Submit the signed form to us by email, post or hand deliver it to our head office in Bryanston  Johannesburg. Alternatively, you may deliver the documents at either of our regional offices. Click here for all contact details.
  • We recommend that you send posted forms via registered post to enable tracking of the form.
  • You may contact our Call Centre to confirm receipt and capturing of your nomination form.

Counselling

All members exiting the Fund are required to meet with a Retirement Fund Consultant before their exit date for a Benefits Counselling session which is compulsory. This will provide them with the information they need to make an informed decision when retiring.

Retirement application

The member must complete the application form. This application form is used to process the pension as per the member’s instruction.

Documents

All documents requested on the application form must be provided to the Fund before the member’s retirement date. The documents that are required are as follows:

  • Deferred Benefit Pension Application Form 10
  • Certified ID copy of the member
  • Certified ID copy of spouse (if applicable)
  • Certified marriage certificate (if applicable)
  • Certified birth certificates of children
  • Final decree of divorce and settlement agreement (where applicable) if member had been previously divorced.
  • The member’s bank statement with bank stamp or confirmation letter from the bank (not older than 3 months)
  • Proof of tax details.
  • Any form of proof that the member was a former Eskom employee (certificate of service, benefit statement older than 3 years, payslip etc.).


Calculation

The member’s final retirement calculation is done in accordance with the Fund rules.

Tax

The lumpsum benefit calculation is sent to SARS to confirm the tax deductible.

Cash Lumpsum

The member is paid the Nett cash lumpsum value after tax clearance.

Monthly Pension

The arrear monthly pension is then processed after approval of the member’s benefit lump sum. Once the arrear monthly pension has been approved, it will be sent through to the payroll department for payment.

Welcome letter

The member is sent a welcome letter providing them with their total fund credit value, lump sum benefits as per the member’s commutation option as well as their tax deduction (if applicable), monthly pension benefit and the tax certificate.

Pensioner card

The card is produced and posted to members which enables them to get discounts, this could be store or region specific.

Counselling

All members exiting the Fund are required to meet with a Retirement Fund Consultant upon their exit. This will provide them with the information they need to make an informed decision when withdrawing.

Withdrawal Application

The member with the help of an RFC must complete the claim form. This claim form is used to process the withdrawal benefit as per the member’s instruction. If previously divorced members are encouraged to submit their divorce documents to the Fund to prevent delays should the divorce be legally binding on the Fund.

Documents

All certified supporting documents requested on the application form must be provided to the Fund together with the claim form before the exit date.

Calculation

The member’s final withdrawal calculation is done in accordance with the Fund rules.

Tax

The withdrawal benefit is sent to SARS to confirm the tax deductible.

Cash Lump sum

The Nett cash lumpsum after the deduction of tax from the cash lumpsum is paid out. Members who elect to transfer/preserve their benefit have the payment made directly to the institution they selected.

Letter

A payment letter detailing the lumpsum, tax and nett amount paid and the member’s IRP5 certificate is posted to confirm that the claim has been finalised.

The Fund gets notified of the death by a family member.

The applicant needs to complete a death application form and provide the deceased’s tax number.

The member’s death lumpsum benefit is calculated and sent to SARS to confirm the tax deductible.

Once the tax is finalised the calculated death lump sum is referred to the Fund Benefit Investigations Team to perform the Section 37 C of the Pension Fund’s Act dependency investigation.

The Benefits Committee puts together a recommendation regarding the distribution of the lump sum death benefit for the Trustees to review and sign.

NB – the law allows this process to take place for about 12 months to ensure a proper investigation is done to identify beneficiaries.

The Fund is notified of the divorce by the non-member spouse (applicant).

The final divorce decree as granted by any court of law is sent to the Fund’s Legal team for their opinion on whether the divorce is legally binding on the Fund.

Legal department advises on how the divorce benefits should be calculated as stipulated on the final divorce order.

The Fund notifies the claimant of the outcome and sends the divorce application form (Form 3B) to the claimant for their completion.

The non-member spouse to submit the divorce application form together with an original certified copy of ID, marriage certificate, proof of bank account details and proof of SARS tax reference number.

The divorce application form together with the supporting documents are securely uploaded to the EPPF’s administration system.

The non-member spouse record is created for processing of the divorcer claim.

The non-member spouse divorce settlement calculation is done in accordance with the Fund rules.

The tax directive is requested from SARS.

Member is notified of the divorce claim and the impact on their pension benefit by email or telephone.

The nett amount after tax deduction is paid to the claimant bank’s account. If the claimant opted for their benefit to be transferred to an external fund, payment is made directly to the Fund and provide the Fund with poof of payment.

The non-member spouse payment letter and tax certificates is posted to the address provided.

If you are an in-service member and leave your employer, you may transfer your benefit to the EPPF Deferred Pension Scheme. This means that you leave your pension benefit in the EPPF until your retirement date. The Deferred Pension Scheme allows you to leave your benefit in the EPPF while it attracts interest and grows. You will be able to retire from the Deferred Pension Scheme and access your benefit. You must retire from the Deferred Pension Scheme by no later than the age of 65 years.

You have three options on deferment:

 

Defer the full value of your benefit in the Deferred Pension Scheme;

 

Take the maximum of the tax-free portion and transfer the balance to the Deferred Pension Scheme; or

 

In the case of a retrenchment, you may take a cash refund equal to your accumulated member contributions (less tax – taxed at the rate applicable on withdrawal) and transfer the balance to the Deferred Pension Scheme. This option is only applicable to members who are retrenched before reaching the age of 55.

No, unfortunately not. The South African Revenue Service prohibits continuing contributions by a person to an employer sponsored retirement scheme after the person is no longer employed by the employer. As soon as you leave the service, you are no longer an active member and contributions must cease.

You may withdraw or retire from the Deferred Pension Scheme.

If you elect to withdraw you can only do that before the age of 65.

If you did not withdraw before age 55 then you may retire between the ages of 55 and 65.  You can elect to start your pension anytime between the ages of 55 but no later than 65.

To begin drawing a pension from the Deferred Pension Scheme, you must complete an Application for Retirement Benefits Form and to withdraw you must complete an Application for Deferred Benefit Withdrawal Form. If you wish to receive your pension in a bank account outside South Africa, you must complete the International Banking, together with the Application for Application for Deferred Benefit Pension. Log in to your profile to download both forms. 

To change your banking details when you relocate to another country, you must submit the following documentation to us:

 

Original, certified copy of your identity document or passport

 

An original, completed, International Banking Form (IBF). The IBF must be completed by the bank to which you want to transfer your benefit, or by your foreign exchange service provider.

 

Log in to your profile to download the IBF.

 

Remember to also advise us of your change in address. Click here to update your address and other contact information.

The surviving spouse must be a spouse whom the deferred pensioner married prior to retiring from the Deferred Pension Scheme. If the deferred pensioner married after beginning to receive a pension from the EPPF, the surviving spouse will not qualify to receive a pension upon the deferred pensioner’s passing. 

 

If there is no surviving spouse, but there is an eligible child, the child will receive a pension equal to 60% of the deferred pensioner’s pension at the date of death. If there are two or more eligible children, the percentage will increase to 100%.

Yes you may, provided you submit your application before the age of 65.

Tax payable on retirement; withdrawal; and death benefits is determined by the South African Revenue Services (SARS). For more information, visit the SARS website on www.sars.gov.za.

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