With the implementation of the two-pot retirement system, the Government Employees Pension Fund (GEPF), the biggest pension fund in South Africa, is going through a significant transition. This scheme, which is a component of a larger national retirement reform by the South African government, was created to strike a balance between long-term financial security and access to retirement funds.
How will the two-pot system impact you as a government employee, and what is it exactly?
What is the GEPF?
The GEPF is a defined benefit pension fund that provides retirement, resignation, death, and disability benefits for government employees. It’s administered by the Government Pensions Administration Agency (GPAA), which handles all the day-to-day processing and paperwork — including, of course, those important forms.
Why Are GEPF Forms Important?
GEPF forms are your way of officially communicating with the Fund. Whether you’re retiring, updating your beneficiaries, or reporting a change in marital status, there’s a specific form designed to guide the process. Using the correct form ensures your request is processed efficiently and your benefits remain intact.
Commonly Used GEPF Forms
Here’s a list of some of the most frequently used GEPF forms in South Africa, and what they’re for:
1. Z894 – Retirement Choice Form
This form is essential if you’re retiring. It lets you choose how you’d like to receive your pension — whether as a lump sum, a monthly annuity, or a combination of both.
2. Z864 – Nomination of Beneficiaries
Use this to update or add your beneficiaries for your GEPF benefits. Keeping this form updated is crucial for ensuring your loved ones are taken care of in the event of your passing.
3. Z583 – Banking Details Form
Need to change your bank account? This form ensures your pension or benefit payments go to the right place.
4. Z102 – Request for Transfer
If you’re moving from one government department to another or transitioning to a private fund, this form helps transfer your pension contributions properly.
5. Z583A – Divorce Form
This form is used if you’re getting divorced and need to split pension benefits as part of a divorce settlement.
Where to Get GEPF Forms
You can download all GEPF forms directly from the GEPF official website. They’re usually available in PDF format and can be printed out for completion.
Alternatively, you can also visit a GEPF regional office to get physical copies and even assistance with filling them out.
Tips for Filling Out GEPF Forms
-
Use black ink and write in capital letters for clarity.
-
Double-check that all sections are completed.
-
Attach certified copies of required documents (like your ID or marriage certificate).
-
If unsure, contact the GPAA Call Centre or visit a walk-in office for help.