In-Service Members

All permanent employees of Eskom, its subsidiaries and of any other participating employer in the Fund who are younger than 65 years qualify for membership of the EPPF.

Read more

In-Service Members

All permanent employees of Eskom, its subsidiaries and of any other participating employer in the Fund who are younger than 65 years qualify for membership of the EPPF.

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


Pensioners outside SA: Why you may not have received your 2023 pension bonus last week


EPPF is proud to release its 2022-23 results


Update: EPPF’s Two-pot Talk


Pensioner Update: Pension Increase and Bonus November 2023


Coming Soon: EPPF’s Official Facebook Group


EPPF’s Two-Pot Talk


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


Eskom Pension and Provident Fund (EPPF) appoints first-ever female Chief Executive and Principal Officer


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


Power Talk Newsletter April 2022


Pensioner Talk Newsletter April 2022


Power Talk October - November 2021


Pensioner Talk November 2021


Power Talk - June/July 2021


Pensioner Talk June 2021


Power Talk - November/December 2020


Pensioner Talk - November/December 2020


Power Talk July/August 2020


Pensioner Talk July/August 2020


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


Pensioner Talk March 2017


Pensioner Talk - September 2016


Pensioner Talk - April 2016


EPPF Member Guide


Power Talk - September 2016


Power Talk - April 2016


Pensioner Talk - July 2015


Power Talk - July 2015


Power Talk - October 2014


Pensioner Talk - October 2014


Pensioner Talk - May 2013


Pensioner Talk - October 2013


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


About the EPPF


What drives us


Services


Executive management of the EPPF


Board of Trustees


Annual Reports


Statutory Annual Financial Statements


Investment Overview


Investment Principles & Beliefs


Asset Allocation


Responsible Investment


Fund Interest Rate


Fund Performance


Investment Strategy


Announcements


Newsletters


Articles


Careers


Tenders


Videos


Corporate Governance


Fund Rules


POPIA


PAIA Manual


Legislation & Useful Links


Help


Contact us


Locations


Educational brochures


Educational videos


Member guide


In-Service Members


Deferred Pensioners


Pensioners and Beneficiaries


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


Pensioners outside SA: Why you may not have received your 2023 pension bonus last week


EPPF is proud to release its 2022-23 results


Update: EPPF’s Two-pot Talk


Pensioner Update: Pension Increase and Bonus November 2023


Coming Soon: EPPF’s Official Facebook Group


EPPF’s Two-Pot Talk


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


Eskom Pension and Provident Fund (EPPF) appoints first-ever female Chief Executive and Principal Officer


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


Power Talk Newsletter April 2022


Pensioner Talk Newsletter April 2022


Power Talk October - November 2021


Pensioner Talk November 2021


Power Talk - June/July 2021


Pensioner Talk June 2021


Power Talk - November/December 2020


Pensioner Talk - November/December 2020


Power Talk July/August 2020


Pensioner Talk July/August 2020


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


Pensioner Talk March 2017


Pensioner Talk - September 2016


Pensioner Talk - April 2016


EPPF Member Guide


Power Talk - September 2016


Power Talk - April 2016


Pensioner Talk - July 2015


Power Talk - July 2015


Power Talk - October 2014


Pensioner Talk - October 2014


Pensioner Talk - May 2013


Pensioner Talk - October 2013


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


In-Service Members as at 30 June 2020

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Justo donec enim diam vulputate ut pharetra sit. Est sit amet facilisis magna etiam tempor orci eu. Nulla pellentesque dignissim enim sit amet venenatis urna. Gravida neque convallis a cras semper auctor neque vitae. Ipsum dolor sit amet consectetur adipiscing. Faucibus pulvinar elementum integer enim neque volutpat. Nisl nisi scelerisque eu ultrices vitae. Fermentum dui faucibus in ornare. Rhoncus aenean vel elit scelerisque mauris pellentesque. Urna porttitor rhoncus dolor purus.

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

Click here for EPPF Events

Closing Date: Pensioner Payroll Changes

Public Holiday

Payment: EPPF Pensioner Payroll

JUNE

Sun
Mon
Tues
Wed
Thur
Fri
Sat

JULY

Sun
Mon
Tues
Wed
Thur
Fri
Sat

AUGUST

Sun
Mon
Tues
Wed
Thur
Fri
Sat

SEPTEMBER

Sun
Mon
Tues
Wed
Thur
Fri
Sat

OCTOBER

Sun
Mon
Tues
Wed
Thur
Fri
Sat

NOVEMBER

Sun
Mon
Tues
Wed
Thur
Fri
Sat

Click to chat

All permanent employees of Eskom and all its subsidiaries and of any other participating employer in the Fund who are younger than 65 years qualify for membership of the EPPF.

In-service members contribute a monthly, fixed percentage equal to 7.3% of their pensionable salary to the EPPF. The employer also contributes 13.5% of each in-service member’s pensionable salary towards the pension scheme. Members have the option to make additional contributions to their pension to increase the value of their pension benefits, this is known as the Additional Voluntary Contribution scheme.

Active Member Contribution Information

Active members contribute at a rate of 7,3% of pensionable emoluments. Members may make additional voluntary contributions as per the rules of the Fund. There is a very small group of members who contribute at lower rates of 6,0% and 4.0% of annual pensionable salaries.

Employer Contribution Information Participating employers contribute at a rate of 13,5% of pensionable emoluments


In-Service Members as at 30 June 2021


Normal Retirement

The normal retirement age is 65 years. However, in-service members may retire early from age 63 without penalties, subject to the employer’s conditions of service. The benefit is based on 2.17% of the in-service member’s annual average pensionable salary over the last year before retirement, for each year of pensionable service.

Early Retirement

An in-service member may retire early after reaching age 55 years. The benefit is a pension calculated in terms of a pension formula, reduced by the penalty factor of 3.9% per year for each year before age 63 years.

Ill-health retirement

An in-service member may retire at any age as a result of ill-health, provided that the Board of Trustees approves a recommendation by the EPPF Medical Panel in this regard. The benefit is calculated by making provision for a pension based on the in-service member’s pensionable salary and pensionable service accrued up to the actual retirement date plus 75% of the service that would have been completed by the in-service member from that date to the pensionable age.

Death before retirement

On the death of an in-service member, a lump sum equal to twice the member’s annual pensionable salary is payable and distributed in terms of the provisions of Section 37C of the Pension Funds Act. 

Plus A widow/widower’s pension of the first 60% of the in-service member’s potential pension is payable to the deceased member’s spouse. The pension is calculated as if the in-service member had remained in service until age 65, based on the current pensionable salary.  ‍

Plus A child’s pension of 30% of the pension to which the in-service member would have been entitled if he/she had remained in-service until the normal retirement date, in respect of one eligible child. The children’s pension will increase to 40% in respect of two or more eligible children.

If there are no spouse’s or children’s benefits payable, a lump sum death benefit will be paid to the in-service member’s estate equal to the greater of:

- A lump sum equal to the in-service member’s annual pensionable salary;

Plus -10% of the final average pensionable salary per year of pensionable service;  ‍

Or

Twice the in-service member’s annual pensionable salary.

Death after retirement

On the death of a pensioner, a lump sum equal to R3000 is paid to the surviving spouse or the estate;

Plus

A monthly pension to the surviving spouse equal to 60% of the deceased pensioner’s pension at retirement before commutation, including any subsequent increases will be paid for life; 


Plus

‍The qualifying child/ren (biological or legally adopted children under the age of 21) are eligible for the monthly pension until the age of 21.

A child’s pension of 30% of the pension to which the in-service member would have been entitled if he/she had remained in-service until the normal retirement date, in respect of one eligible child. The children’s pension will increase to 40% in respect of two or more eligible children.

If there is no spouse’s pension payable, the percentage in respect of a single eligible child is increased to 60% of the deceased pensioner’s pension at retirement before commutation, including any subsequent increases. For two or more eligible children, the total percentage is increased to 100% of the deceased pensioner’s pension at the time of retirement before commutation, including any subsequent increases.

If there are no spouse’s or children’s benefits payable, a benefit equal to the excess amount of the lump sum, as specified below, over the total benefits paid to the pensioner until the time of death is paid to the estate. The lump-sum comprises the following:


Plus

The greater of the two following calculations:

i. Twice the annual pensionable salary at retirement, less the pension benefits received since retirement;

Or

ii. The annual pensionable salary at retirement plus 10% of the final average pensionable salary per year of pensionable service, less pension benefits already received.

Withdrawal due to voluntary resignation, abscondment or dismissal

In case of a withdrawal benefit due to resignation, abscondment or dismissal a cash benefit is payable. This is the prescribed minimum benefit in terms of the Pension Funds Second Amendment Act.

The benefit is the greater of the following calculations:

i The capital value of the member’s accumulated past contributions plus interest after December 2001. The interest rate must compare reasonably with the actual rate of investment return, net of fees and costs that the EPPF has earned on its assets;

Or

ii Fair Value – the Fair Value pension is the amount of the pension that an in-service member has earned for past service up to the date of leaving the EPPF, based on the in-service member’s pensionable salary at the date of leaving the EPPF. The capital value of the amount is calculated using financial assumptions, approved by the Registrar of Pension Funds.

Withdrawal due to retrenchment before age 50

In the event of a retrenchment of an in-service member, the benefit payable will be equal to the greater of:

- The benefit payable on withdrawal due to voluntary resignation, abscondment or dismissal;

Or

iii Third calculation - In the event of a negotiated cash settlement or retrenchment of a member, a benefit of three times the member’s own annual contributions becomes payable. The EPPF must then pay to the member the greater of the first, second or third calculations.

Withdrawal due to retrenchment after age 50

If an in-service member has 10 years continuous service, he/she qualifies to receive a pension instead of a lump sum benefit, as approved by the employer. The employer will compensate the EPPF accordingly.

Deferred pension option

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. The deferred benefit may be accessed from the date of deferment up to the age of 65 (64 year and 11 months).

  • Log in to your profile to download the beneficiary nomination form or request a form from your Human Resources office..
  • Submit the original form to your Human Resources office.
  • A beneficiary nomination form should be completed when you join the EPPF and when any major life events occur which you are a member of the EPPF, such as marriage, the birth or adoption of a child, divorce, attainment of a financial dependant or death of any of the above.

  • Log in to your profile to download the beneficiary nomination form or request a form from your Human Resources office.
  • Submit the original form to your Human Resources office.
  • A beneficiary nomination form should be completed when you join the EPPF and when any major life events occur which you are a member of the EPPF, such as marriage, the birth or adoption of a child, divorce, attainment of a financial dependent or death of any of the above.

  • You may retire from the EPPF anytime from age 55 to 65 years.
  • Click here to view the benefits payable on retirement in the EPPF Member Guide.
  • Complete the Application for Retirement Benefits Form. Log in to your profile to download the form.
  • Please contact your Human Resources Officer for assistance with completing the form.
  • If you leave South Africa and wish to receive your pension in a bank account outside the country, you must also complete the International Banking Form, together with the Retirement Application Form. Log in to your profile to download the International Banking Form.
  • The EPPF must receive the completed documentation from the Human Resources Office.
  • The EPPF only begins to process your retirement after the last day of the month in which you have retired once the system update of member records is completed.
  • After the EPPF receives your documentation and has verified that all documentation is correctly completed, it takes about six to eight weeks to process your pension.

  • You may withdraw from the EPPF when you leave the service of the employer.
  • If you are between age 55 to 65 years and want to resign from the employer instead of retiring, you must provide proof of alternative, full time employment for your application to be processed as a withdrawal.
  • Click here to view your options on withdrawal.
  • Complete the Application for Benefits Form. Login to your profile to download the form.
  • Please contact your Human Resources Officer for assistance in completing the form.
  • If you leave South Africa and wish to receive your benefit in a bank account outside the country, you must also complete the International Banking Form, together with the Withdrawal Application Form. Log in to your profile to download the International Banking Form.
  • The EPPF must receive the completed documentation from the Human Resources Office.
  • The EPPF only begins to process your withdrawal after the last day of the month in which you have left service once the system update of member records is complete.
  • After the EPPF receives your documentation and has verified that all documentation is correctly completed, the EPPF takes about six to eight weeks to process and pay out your withdrawal benefit.

  • Your next of kin must contact your Human Resources Office or the EPPF and complete a Death Benefit Form.
  • The form must be submitted to the Fund, together with your original certified death certificate; original certified ID, bank details (original bank statement) of qualifying beneficiaries and their original certified IDs. Qualifying beneficiaries may receive a portion of a lump sum and a qualifying spouse and qualifying children may receive a monthly pension.
  • The EPPF will investigate to confirm qualifying beneficiaries in accordance with Section 37C of the Pension Funds Act.
  • The EPPF has 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.

  • You can increase the value of your benefit in the EPPF by making contributions to the Additional Voluntary Contribution (AVC) Scheme on a monthly, periodic, or ad hoc basis.
  • You can obtain AVC Scheme form from you Human Resources Office, or log in to your profile to obtain the form. Alternatively log into your Eskom Zenzele to complete form ZH06 electronically
  • Submit the form to your Human Resources Office.
  • Deductions towards the AVC Scheme will be made from your salary through the employer’s payroll.
  • Should you wish to increase, decrease, or stop your deductions, complete the same form, and submit it to your Human Resources Office.

  • Application for a condonation of service must be applied for within the six months after you re-joined the services of Eskom.
  • On your return you must complete a form to apply for recognition of previous service from your Human Resources Office.
  • If the Board of Trustees approves your application, you must pay the full pension benefit that was paid to you back to the EPPF. Interest will be charged at the rate determined by the Board from the date of re-joining and the date of repayment.
  • Should you pay the full amount back to the EPPF, your deemed start date will be adjusted accordingly.

  • Application for a condonation of service must be applied for within the six months after you re-joined the services of Eskom.
  • On your return you must complete a form to apply for recognition of previous service from your Human Resources Office.
  • If the Board of Trustees approves your application, you must pay the full pension benefit that was paid to you back to the EPPF. Interest will be charged at the rate determined by the Board from the date of re-joining and the date of repayment.
  • Should you pay the full amount back to the EPPF, your deemed start date will be adjusted accordingly.

Pre-Retirement Counselling

All members exiting the Fund are required to meet with a Retirement Fund Consultant (RFC) six months before their exit. The purpose of the benefit counselling is to assist and provide you with information needed to make an informed decision when retiring. The RFC will also guide you as to what is required in the completion of the Retirement application form.

Retirement application

The member with the help of Human Resources (HR) must complete the application form.

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

If previously divorced, members are encouraged to submit their divorce documents to the Fund to prevent delays in processing as the divorce documents are to be reviewed by the Fund’s legal team.

Documents

All documents requested on the application form must be provided to the Fund before the member’s exit where the quality assurance pertaining to the documents can be completed. These can be provided electronically.

Last Contribution

The EPPF will wait for the final confirmation and the last contribution. The contributions are received from the employer by the 7th of the month after your retirement and once allocated. Thereafter, the applicable interest rates are loaded at which time the claim processing commences.

Calculation

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

Tax

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

Cash lump sum

The member is paid the Nett cash lumpsum value if he/she has opted for that.

Monthly Pension

The arrear monthly pension is loaded along with any deductions as indicated by the member. Thereafter, the pension will run monthly in advance by means of the EPPF’s payroll system.

Letter

The member is sent a welcome letter providing them with their monthly pension value 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 Human Resources or 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.

Uploading

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

Last Contribution

EPPF awaits the final confirmation and the last contribution from the Employer before starting the withdrawal process. The contributions are received by the employer by the 7th of the month after your exit date. The Earnings Yield Rate is also updated for the month. Thereafter the contributions are uploaded and the processing of the claim commences.

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 is notified of the death by the employer.

The employer provides the Fund with the completed death application form. This form provides the details of the spouse and eligible children, if applicable.

The employer provides the Fund with the relevant supporting documents as indicated on the application form along with any additional information as required from time-to-time.

The Fund uploads the application form and supporting documents securely onto the EPPF’s administration system.

The final pension value is calculated in accordance with the rules of the Fund.

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

The monthly pension values along with any deductions as indicated on the application are loaded.

The arrear monthly pension is paid. Thereafter, the pension is run in advance by means of the EPPF’s payroll system on a monthly basis.

A payment letter is sent to the beneficiary(ies) providing them with the details of their monthly pension.

A monthly payslip is provided to each recipient of a pension.

The calculated death lump sum benefit is referred to the Fund’s Benefits Investigation  team to conduct the Section 37C of the Pension Funds 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 approve.

NB – the law allows this process to take up to 12 months to ensure that 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 confirmation 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 is required 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 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 and time periods stipulated by the Pension Funds Act

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.

Member is issued with an adjusted benefit statement.

It is to be noted however, that the fact that the Fund had no distributable surplus, does not mean that the Fund is in financial difficulties. As it were, 30 June 2003 (the EPPF’s surplus determination date) coincided with one of the worst investment periods in South Africa in many years and any surplus that the EPPF may have had before that date, was severely affected, as in many other funds. While the EPPF had no distributable surplus on 30 June 2003 for the purposes of the surplus redistribution legislation, in actuarial terms it was and still is fully funded and able to match its financial liabilities with corresponding assets.

i. Paid-up benefits inside the Fund 

 

The benefit will remain invested in the Fund’s current investment portfolio, it is recommended that you seek financial advice for this selection.

 

There are: 

No tax consequences; 

No additional administration fees 

No up-front costs 

No forced disinvestment 

 

A paid-up benefits certificate will be issued to all members whose retirement savings are preserved in the fund. Your retirement savings will, by default remain in the Fund’s current investment portfolio. Members who are paid-up may not make further contributions towards the Fund.

 

ii. Transfer a part or the whole benefit to another approved fund

 

You may transfer your full benefit, or a portion thereof, to another approved fund in South Africa. Approved funds are another employer’s pension or provident fund, a preservation pension fund, preservation provident fund or a retirement annuity.

 

Transfers to another employer’s pension fund, a pension preservation fund or a retirement annuity are tax-free. Transfers to a preservation provident fund or an employer’s provident fund are taxable.

 

iii. Defer a part or the whole benefit to the EPPF Deferred Pension Scheme

You may transfer your full benefit, or a portion thereof, to the EPPF’s Deferred Pension Scheme.

 

You have three options on deferment:

 

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

 

Take a maximum of R25 000 of your total cash and transfer the balance to the Deferred Pension Scheme; or

 

If you have been retrenched 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.

 

Each year, the EPPF will send you a Deferred Benefit Statement, which informs you of the rate of growth of your benefit in the Deferred Pension Scheme.

 

iiii. Take the entire benefit in cash

 

You may elect to take your entire benefit in the EPPF in cash. 

The tax payable on the withdrawal benefit is determined by the Second Schedule to the Income Tax Act. The tax on the lump sum benefit is set out in the withdrawal and retirement tax tables which are available on the SARS website (you can insert the link)

You may not transfer your benefit directly from the EPPF to another fund outside South Africa. If you wish to preserve your benefit in another retirement investment vehicle outside South Africa, you must withdraw the benefit and take your exit benefit in cash and then invest in another retirement funding arrangement outside South Africa.

If at any point you return to the service of Eskom or a participating employer in the EPPF after having deferred your benefit in the EPPF Deferred Pension Scheme, the benefit in the Deferred Pension Scheme will remain separate and will be retained there until you retire from the EPPF.

 

When returning to the service of Eskom or a participating employer, you will re-join the EPPF as a new member and your contributions will be held separately from the Deferred Pension Scheme. When you retire from the EPPF, you must also retire from the Deferred Pension Scheme.

If you wish to enhance and increase your benefit in the EPPF, you may make additional contributions to the Additional Voluntary Contribution (AVC) Scheme. Additional contributions to the AVC Scheme can be made monthly, once-off or on an ad-hoc basis, as and when you are able to make the additional contributions.

 

You may increase or decrease your contributions to the AVC Scheme at any time.

 

Additional contributions must be deducted from your salary through your payroll department and may not be deposited directly into the EPPF’s account.

 

The EPPF sends members who contribute to the AVC Scheme a tax certificate each year, in respect of their contributions. The certificate reflects the contributions, interest and bonuses, if any, earned. Interest on the Scheme is declared by the Board of Trustees on a quarterly basis. Click here for the updated interest rates.

 

Your benefit in the AVC scheme is added to the calculation of your benefit on withdrawal, retirement or death and increases the value of your benefit.

 

If you wish to transfer a benefit from a previous employer into the Fund when you join the Fund, this benefit is also allocated to your AVC Scheme.

Members do not get employer contributions upon withdrawal. The calculation of the withdrawal benefit is derived from their accumulated contributions or their fair value as at withdrawal.

 

i The capital value of the member’s accumulated past contributions plus interest after December 2001. The interest rate must compare reasonably with the actual rate of investment return, net of fees and costs that the EPPF has earned on its assets;

 

Or

 

ii Fair Value – the Fair Value pension is the amount of the pension that an in-service member has earned for past service up to the date of leaving the EPPF, based on the in-service member’s pensionable salary at the date of leaving the EPPF. The capital value of the amount is calculated using financial assumptions, approved by the Registrar of Pension Funds. 

If you become permanently or physically disabled, or become incapacitated and are no longer able to work, you may go on ill-health retirement, subject to the recommendation of the EPPF’s Medical Panel and the approval of the Board of Trustees.

 

The benefit on ill-health retirement is calculated using the retirement benefit calculation formula of “Final Average Salary x Years of service (calculated in months) x Pension Rate” as follows:

 

The service portion of the formula is based on pensionable service accrued up to your actual date of ill-health retirement; plus 75% of the service that would have been completed from the date of the ill-health retirement to the normal retirement date. If your ill-health retirement was due to a pre-existing condition which you had before joining the employer and the EPPF, this portion of the benefit will be reduced to 50% of the service that would have been completed from the date of the ill-health retirement to the normal retirement date.

If you have ever been divorced or get divorced in future, you pension fund benefit may be impacted. When you get divorced, the settlement reached around the division of your estate, including the pension interest is between the two parties and is reflected in the divorce order. If your former spouse claims a percentage of your pension the claim against your Fund benefit is a percentage determined in the settlement reached.

 

All your pension benefits will therefore be calculated using your adjusted deem start date and taking into account the reduced benefit. This means that all you benefits i.e., resignation, ill-health, death benefits will now be calculated using the adjusted Deem Start Date.

 

You as the member of the EPPF, or your non-member former spouse can advise the EPPF of the divorce order. The following documentation must be provided to the Fund on submission of the claim:

 

 A certified copy of the divorce order;

 

The claimant’s bank details (an original bank statement or a letter from the bank with a bank stamp;

 

An original certified copy of the claimant’s identity document;

 

A completed Form 3B, which can be obtained from here

 

When all documentation is completed and received by the EPPF, the divorce order is validated by the EPPF’s Legal and Technical Services Department, the Fund pays within 60 days of receipt of all complete documentation.

 

The deduction of the pension interest reduces your benefit in the EPPF from the date of payment of the pension interest and this also leads to an adjustment of your Deem Start Date (your date of joining the Fund).

For more information on the annual tax applicable, visit the SARS website on www.sars.gov.za.

We cannot pay withdrawal benefits to third parties.

A member can opt to go on early retirement once they turn 55 years. However, members who go on early retirement before the age of 63 will incur penalties. If members retire after the age of 63, no penalties will be incurred. It is therefore very important for a member planning to go on early retirement to have a discussion with their employer to discuss who will bear the penalty cost.

Please rotate your device