Apart from the fact that most of the beneficiaries are almost impossible to trace since there are no proper documentation, other reasons do exist. The GEPF was a defined benefit pension fund, while the municipal pension funds were defined contribution funds. Tel: +27 80 011 7669 Fax: +27 12 326 2507 For some reasons, a lot of retirement money remains forgotten, yet the retirees paid for this money religiously when they were actively employed. The free access to unclaimed money in South Africa is available to anyone that can prove that they are truly entitled to the cash. It is a celebration of … 02 April 2019 Facebook. Today's list of retirement funds with Unclaimed Benefits or Surplus monies: Nampak, Concor, Massmart, Amplats and the Printing Industry. Most unclaimed benefits are the result of rejections of incorrect documentation, issues identifiying beneficiaries, member tax matters, incorrect banking details, family disputes with death claims, employee abscondment and pending disciplinary actions. Dr. Renosi Mokate- GEPF / Executive Chairman at Concentric Alliance (Pty) Ltd. ... an unclaimed benefits fund, a beneficiary Fund and a Government Fund. We have more than 1.2 million active members, in excess of 450 000 pensioners and beneficiaries, and assets worth more than R1.61 trillion. GEPF PENSIONER MEMBER TRUSTEE ELECTIONS . Whether you are looking for unclaimed funds for deceased South Africa relatives or you are sure that you can be awarded the benefits as a beneficiary, the following steps will be helpful: 1. This has led to a number of families being paid but still, a lot needs to be done. Search the FSCA Unclaimed pension benefits database. On 1 May we celebrate Workers’ Day. GEPF and GPAA have been engaging with other national departments, such as Health, Correctional Services, Education and SAPS, as the majority of the GEPF membership is pulled from these departments. The Government Employees Pension Fund (GEPF) is Africa’s largest pension fund. The big umbrella funds, the unclaimed benefit funds and the Guardians Fund employ tracing agents to try and find these members who have left their employer and not claimed their benefit from the fund. With such hurdles, it appears as though the struggle for unclaimed benefits continues. Unclaimed Benefits for Pension and Provident funds. During the year under review, the GPAA rolled out the Self-Service solution and 18 280 Government Employees Pension Fund (GEPF) members were registered to use this service. Unclaimed benefits are benefits where the reason for the member’s leaving the Fund and his or her last day of service are both known, but the benefit is not paid to the member or beneficiary within 24 months of the last day of service in line with the rules of the Fund. The main reasons for benefits becoming listed as unclaimed are: The following people are able to claim unclaimed benefits: If you have any further questions, please contact us. GPAA and GPEF have established a dedicated team to deal with unclaimed benefits. Transfer to an Approved Fund. Whether they are death, withdrawal, retirement or surplus distribution benefits, many of which go unclaimed because beneficiaries and ex members cannot be traced. claim their pension benefits. Building 2A, Trevenna Campus The guardians of GEPF members’ beneficiaries. The Pension Search Program, initiated in 1996, attempts to locate those entitled to unclaimed pension benefits. It explains what benefits GEPF provides if you resign, retire, pass away or are discharged. Remember that you need to have registered your details on www.unclaimedbenefits.co.za for us to perform a search of whether you qualify.. Register relatives details, alive or deceased. If the applicant is a member or spouse, the following documents are needed to claim unclaimed benefits: A completed Banking Details form ; The benefits are paid but are returned to the GEPF due to incorrect banking details, frozen or dormant accounts, incorrect pay points and. During her 11 years as a trustee she has had an opportunity to serve on a variety of funds including umbrella funds, parastatal funds, union funds, an unclaimed benefits fund, a beneficiary Fund and a Government Fund. While it is true that a lot of progress is being made in tracing and compensating beneficiaries of unclaimed retirement benefits, there is still a continued problem in the motor, mining, metal and engineering industries because of poor or lack of documentation. Unclaimed benefits are accumulated as a result of the rejection of incorrect documentation… The following people are able to claim unclaimed benefits: Retired GEPF members and members who are no longer in service; Beneficiaries of GEPF members no longer in service or who are deceased; and. Tel: +27 80 011 7669 Fax: +27 12 326 2507 Unclaimed benefits is a website owned and operated by Data Factory operating at unclaimedbenefits.co.za with an association to the bridge foundation. To do this, the FSB unclaimed benefits search engine can come in handy. Resignation Benefits. Download the list of people below: List 1 of GEPF unclaimed benefits (1.39 MB) List … The Committee was told that the Government Pensions Administration Agency (GPAA) was established to render pensions administration and other relevant services to the Government Employees Pension Fund (GEPF) and the National Treasury. The GPAA administers pensions on behalf of the Government Employees Pension Fund (GEPF). To have a single fund, the public service had to be aligned. By More Matshediso. The guardians of GEPF members’ beneficiaries. GEPF mourns the passing of two Board Members, GEPF ANNUAL RESULTS AS AT FINANCIAL YEAR-END MARCH 2020, Africa’s largest pension fund appoints new Principal Executive Officer, GEPF Chairperson Refutes Holomisa Allegations. Substantial … The GPAA is a government component, reporting to the Minister of Finance and administering funds and schemes on behalf of the Government Employees Pension Fund (GEPF), the largest pension fund in Africa, and National Treasury. To have a single fund, the public service had to be aligned. Understanding what unclaimed benefits are, is the first step to getting people to go for what rightfully belongs to them. Tel: +27 80 011 7669 Fax: +27 12 326 2507 Jun 13, 2020. Contact for bridgefoundation.org.za. The unclaimed benefits are as a result of insufficient payment information and untraceable members. More than 36,000 employees are eligible to claim $300 million in pension benefits from terminated defined benefit pension plans have not been located. Fax: +27 12 326 2507. The maximum benefit payable is currently over $45,000 per year. Tel: +27 80 011 7669 Fax: +27 12 326 2507 On 16 June 1976 learners from schools in Soweto started an uprising that profoundly… Read more. Guardian's Fund List Unclaimed funds. You need to have reliable unclaimed benefits contact details that you can use to make your inquiry. Administration of Estates Act (66/1965): Unclaimed monies: Divided in the following districts (Boedelwet (66/1965): Onopgeeiste gelde: Ingedeel onder die volgende distrikte): . Corner Meintjies and Francis Baard Street Unclaimed Benefits refer to any monies due to a person that remain unpaid or unclaimed. The following people are able to claim unclaimed benefits: Retired GEPF members and members no longer in service; Beneficiaries of GEPF members no longer in service or who are deceased; and; The guardians of GEPF members’ beneficiaries. or GC, you get the idea. There are around 17 000 people out there who are entitled to a piece of the unclaimed benefits fund from the GEPF (Government Employees Pension Fund) so if you have worked for the Government or had a family member (deceased or living) that once worked for the Government in some form, then you may be entitled to a piece of this R456 Million pie. In addition to that, most members will never claim their benefit because they were unwilling to supply their details either because they worked in different sectors illegally or they were illegal immigrants. 34 Hamilton Street Arcadia Pretoria Tel 012 319 1911 Fax 012 326 2507 GEPF Ethics and Fraud hotline number 0800 203 900 GEPF Ethics and Fraud hotline SMS number 30916 GEPF Ethics and Fraud hotline E-mail address gepf@thehotline.co.za Web address www.gpaa.gov.za E-mail enquiries@gpaa.gov.za Postal address GPAA Private Bag X63 Pretoria 0001 In case you suspect that such a thing could be happening, then you better get yourself informed through the various channels available. The story of Eastern Cape mine workers is … This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Unpaid Retirement Fund monies are defined in terms of the South African Pensions Funds Act as Unclaimed Benefits 2 years after a member leaves a fund due to resignation, dismissal or retrenchment. The guardians of GEPF members’ beneficiaries. The Financial Services Board (FSB) can only account for 1.8% of retirement money. What must one do to access unclaimed benefits? Ntombi, The thing is: the Fund Trustees decide who gets the death benefit, it is not up to the deceased to decide beforehand. Over R42 billion of retirement money remains unclaimed, which – according to the Financial Sector Conduct Authority (FSCA) – accounts for 1.8% of all retirement money. This is what we know about Data Factory Unclaimed Benefits: ... from your pension fund Unclaimed pension fund benefit search Easier access to unclaimed benefits in 2021 R456 Million in unclaimed benefits at GEPF Fedgroup Employee Benefits (Pty) LTD. 606 Comments ← Older Comments. Who can claim unclaimed benefits? PRELIMINARY LIST OF CANDIDATES – 16 JANUARY 2018 . Over the last few years, efforts have been made by administrators of retirement funds and the FSCA to trace individuals and family members who are owed retirement benefits. GEPF. Sanlam Staff and beneficiary list who are eligible for unclaimed benefits (Sanlam staff only noy funds administered) Related posts: Unclaimed pension fund benefit search Data Factory Unclaimed Benefits Claim Assistance Pension fund member complaints up significantly R456 Million in unclaimed benefits at GEPF Easier access to unclaimed benefits in 2021 There have been unclaimed benefits tracing efforts, with the FSB and the retirement funds administrators trying to find those who have not been paid. She has a passion for ensuring that we do our best for members of funds. UNCLAIMED BENEFITS- GEPF IS LOOKING FOR YOU. The Pension Case Management (PCM) system was also successfully rolled-out to 98% of employers and 98.22% of resignation cases were or GC, you get the idea. About 67% of beneficiaries who contacted the financial sector regulator about unclaimed benefits are set to receive more than R13.7-billion from the R42bn sitting unclaimed in retirement funds. Unclaimed GEPF is 100% funded. Be careful not to fall into the trap of unscrupulous vendors who charge expensively for services that are otherwise offered freely by the FSB. Objections must be submitted in writing to the Returning Officer via the following: FAX: 086 428 1356 | EMAIL: elections@gepf.co.za GEPF is looking for people listed below or their family members/beneficiaries( if the person listed below is deceased) in the Eastern Cape to contact the GEPF in connection with their pension benefits. What must one do to access unclaimed benefits? Toll Free Call Centre: 0800 117 669 Guardian's Fund List Unclaimed funds. First, you must understand that there are certain people allowed to access the gains. Once you do this, you will know for sure if you qualify for the benefits or not. Download the list of people below: pdf List 1 of GEPF unclaimed benefits (1.39 MB) pdf List 2 of GEPF unclaimed benefits (1.42 MB) GEPF finds it hard to obtain a tax directive from SARS since the member in question or legal beneficiaries’ tax affairs are questionable (for instance, they may fail to be tax registered or have not submitted their tax returns, just to mention a few cases). GEPF fails to have enough info concerning the deceased members’ spouse(s) or those assigned as beneficiaries which are necessary to enable them to make a claim to these benefits or to allow GEPF to legally release the benefits out to them. We work to give members and pensioners peace of mind … Retirement Benefits. GEPF is looking for people listed below or their family members/beneficiaries (if the person listed below is deceased) in the Eastern Cape to contact the GEPF in connection with their pension benefits. in order for the search engine to check if there is a possible match. The Pension Search Program, initiated in 1996, attempts to locate those entitled to unclaimed pension benefits. The unclaimed benefits are as a result of insufficient payment information and untraceable members. It thus administers the pension affairs of approximately 1,7 million government employees and pensioners, as well as the affairs of their spouses and dependants. Over the last few years, efforts have been made by administrators of retirement funds and the FSCA to trace individuals and family members who are owed retirement benefits. The main purpose of this initiative is to interact with GEPF’s active members, pensioners and beneficiaries in order to inform and educate them about the Fund’s services, processes and benefits, such as funeral and unclaimed benefits. GEPF Administration Office Building 2A, Trevenna Campus Corner Meintjies and Francis Baard Street Sunnyside, Pretoria. The GEPF is unable to get a tax directive from SARS as the member or beneficiaries’ tax affairs are not in order such as, for example when they are not registered for tax or they have not submitted tax returns, etc. in order for the search engine to check if there is a possible match. Military Pensions are approved in terms of the Military Pensions Act (Act 84 of 1976) and provide funds for soldiers injured in combat. 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