A Government Employees Pension Fund member will be required to decide whether to separate the payment immediately upon divorce or not.
Soon there will be no headaches for divorcees who want to claim their share from the pension of former partners who are members of Government Employees Pension Fund as a non-acrimonious way has been established to split the money and avoid delays.
The Congress of South African Trade Unions has welcomed the change because it is important the GEPF provides for a fair and clean settlement to both parties in a timeous manner. This means the benefits due to a GEPF member would be decreased in terms of pensionable years, taking into account the pension interests of the former spouse resulting from a decree of divorce or for the dissolution of a customary marriage.
“So, for example, if they have 10 years of pension built up in the GEPF and they now need to split 50% of their assets with the partner, they would then need to split half their pension.
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