Our benefits are provided according to the GIPF rules established in 1999.
In the RULES, unless inconsistent with the context, words and expressions defined in the ACT and not in the RULES shall bear the meanings thus assigned to them in the ACT and words and expressions denoting the singular shall include the plural and vice versa. Headings and subheadings are solely for ease of reference and are not to be taken into account in the interpretation of the RULES.
The object of the FUND is to provide retirement and ancillary benefits for the BENEFICIARIES as described in the RULES.
On the recommendation of the Public Service Commission, the Government Institutions Pension Fund was established with effect from 1 October 1989. As from the COMMENCEMENT DATE, certain of the assets and liabilities of the OLD FUND shall devolve upon the FUND. With effect from 1 October 1999 the RULES of the FUND were revised. These rules are the RULES of the FUND which are effective from the REVISION DATE.
The FUND is a separate legal entity, distinct from its BENEFICIARIES and is capable in law, in its own name, of suing and of being sued, and of acquiring holding and alienating property, movable and immovable.