Government Employees Pension Fund, Bisho

It is a self-administered, defined benefit pension fund committed to effectively and efficiently providing benefits to members, pensioners and beneficiaries. The Fund is managed by a Board consisting of equal employer and member representation including a pensioner representative, and a member employed by the South African National Defence Force, National Intelligence Agency and the South African Secret Service - each with an appointed substitute. The GEPF administration also administers benefits on behalf of National Treasury, including medical subsidies special pensions, military pensions and other sundry benefits. The GEPF is the largest client of the PIC, which acts as its investment manager. The investments held on behalf of the fund represent over 90% of the total assets under its management.