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Solidarity tackles Government Employees Pension Fund (GEPF)
Solidarity has succeeded in its efforts to convince the Government Employees Pension Fund (GEPF) to amend its application of the “clean break” principle and Solidarity will now participate in the review process. The union is also planning a legal strategy against recent amendments to the fund that would result in a significant reduction in members’ pension benefits.
Are you currently employed by a government institution?
Are you a member of the GEPF?
You are affected!
In April 2015, the GEPF, without the necessary consultation process, unlawfully changed the formula for calculating a staff member’s actuarial interest on resignation. This has resulted in a substantial reduction in the pension benefit of a member who decided to take early retirement.