How to claim your Pension
After the last working day a Human Resource (HR) Officer will complete a Pension Claim Form that will be submitted to GIPF with the following documents:
- Certified copy of an Identity Document/Passport.
- Original latest pay slip.
- Proof of bank account (request for this at your bank).
- Certified copy of Taxpayer Certificate.
- Certified copy of Marriage Certificate.
At least six weeks after a complete claim has been submitted to GIPF by the HR Officer the pensioner will receive:
- A third of the total pension amount in a lump sum tax-free payment.
- A monthly income (Pension) that will be calculated as 2,4% of the final salary, multiplied by the number of years worked.
- For Early Retirement this amount will be reduced by 0,25%.
Death After Retirement
If a pensioner dies within 5 years of having reached retirement age (the guarantee period) and was unmarried, the equivalent value of the outstanding pension payments will be paid in a lump sum to the dependants or if there are no dependants it will be payable into the deceased' estate after which the executor will distribute according to the deceased wishes.
If a pensioner dies within 5 years of having reached retirement age (the guarantee period) and was married, the spouse will receive a full monthly pension until the lapse of the 5 year guarantee period. Thereafter the monthly pension will be reduced to 50% payable for life, subject to increases as determined by Trustees of the Fund. If a pensioner dies after 5 years of having reached retirement age (after the guarantee period) and was single the pension will cease (nothing payable).
The Family of a deceased pensioner should notify GIPF and submit a death Certificate as soon as possible.