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GEPF updates actuarial factors, cutting early withdrawal estimates by 15%
Manage episode 514048616 series 2642867
Stephen Grootes speaks to Musa Mabesa, Principal Executive Officer at the GEPF, about the Fund’s implementation of revised actuarial factors, effective 1 October 2025. Based on the March 2024 valuation and following consultations with labour unions, the updated factors are on average 15% lower than the 2021 figures. This means members will see reduced estimated withdrawal benefits on their statements, except for death and retirement benefits, reflecting the current value of their benefits if they exit the Fund before retirement.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
Thank you for listening to a podcast from The Money Show
Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk
For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe
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The Money Show is brought to you by Absa
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173 episodes
Manage episode 514048616 series 2642867
Stephen Grootes speaks to Musa Mabesa, Principal Executive Officer at the GEPF, about the Fund’s implementation of revised actuarial factors, effective 1 October 2025. Based on the March 2024 valuation and following consultations with labour unions, the updated factors are on average 15% lower than the 2021 figures. This means members will see reduced estimated withdrawal benefits on their statements, except for death and retirement benefits, reflecting the current value of their benefits if they exit the Fund before retirement.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
Thank you for listening to a podcast from The Money Show
Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk
For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe
Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc
The Money Show is brought to you by Absa
Follow us on social media
702 on Facebook: https://www.facebook.com/TalkRadio702
702 on TikTok: https://www.tiktok.com/@talkradio702
702 on Instagram: https://www.instagram.com/talkradio702/
702 on X: https://x.com/CapeTalk
702 on YouTube: https://www.youtube.com/@radio702
CapeTalk on Facebook: https://www.facebook.com/CapeTalk
CapeTalk on TikTok: https://www.tiktok.com/@capetalk
CapeTalk on Instagram: https://www.instagram.com/
CapeTalk on X: https://x.com/Radio702
CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567
See omnystudio.com/listener for privacy information.
173 episodes
All episodes
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