Government Employees Pension Fund, Pietermaritzburg

The GEPF’s core functions include member admissions, contribution collections, members roll maintenance, withdrawals (exits) and benefit payments, and the investment of all the Fund’s assets to match future liabilities.
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.