Understanding the Upcoming GEPF Changes.
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GUEST - Owen Nkomo – CEO of Inkunzi Wealth Group
The Government Employees Pension Fund (GEPF) is expected to update its actuarial interest factors based on the latest financial review, likely to take effect later this year. Many GEPF members find actuarial interest and actuarial interest factors confusing, which has led to concern and misunderstanding in the past. This interview explains what these terms mean, how they affect your pension benefits, and why the factors are updated regularly. If you've never heard of these terms before, don’t worry - we’ll explain everything in simple language.
The Government Employees Pension Fund (GEPF) is expected to update its actuarial interest factors based on the latest financial review, likely to take effect later this year. Many GEPF members find actuarial interest and actuarial interest factors confusing, which has led to concern and misunderstanding in the past. This interview explains what these terms mean, how they affect your pension benefits, and why the factors are updated regularly. If you've never heard of these terms before, don’t worry - we’ll explain everything in simple language.