Kaya 959 Kaya Biz

5.5% pension increase for GEPF members

Loading player...
The Government Employee Pension Fund (GEPF) has announced that its pensioners will receive an annual pension increase of 5.5% from April 1, 2022.
According to the fund, it instituted the increase to enable its beneficiaries to keep up with rising inflationary rates.
“This pension increase is based on the 5.5% inflation rate for the 12 months ending 30 November 2021, thus making the increase equal to 100% of the consumer price index (CPI) and higher than the 75% of consumer price index (CPI) provided in terms of GEP law and rules,” GEPF said in a statement.
“Pensioners who retired on or before April 1, 2021, are to receive the full increase of 5.5% as of April 1, 2022. Pensioners who retired after April 1, 2021, are to receive a proportionate increase based on the number of months they have received pension by March 31, 2022.”
When formulating the pension increase, the fund says it considered the following:
• The investment returns earned over the year,
• The level of inflation over the same period,
• How both relate to the assumptions adopted in the statutory valuations and
• How the increase will impact the financial position of the fund.
9 Mar 2022 4AM English South Africa Business News · Investing

Other recent episodes

The Unseen Household Tax of Global Tensions

Old Mutual’s Financial Education Programme Manager, Thabo Hollo explains how global geopolitical tensions — from oil supply shocks to inflation risks — are silently eroding household budgets. He outlines the four steps consumers should take now to protect their financial wellbeing.
30 Apr 4PM 9 min

How Online Gambling Is Reshaping SA Spending

Online betting has overtaken casinos as South Africa’s biggest gambling channel. Reona Chetty from Vouch SA explains the data behind the boom, the behavioural patterns emerging in card transactions, and the financial red flags households should watch for.
30 Apr 4PM 15 min

How to Stay Financially Afloat in 2026

With inflation rising, fuel costs climbing, and real salaries slipping, more households are using credit just to get through the month. Momentum’s Salem Nyati breaks down the behavioural shifts, the warning signs of debt distress, and the practical steps families can take to regain control.
30 Apr 4PM 9 min

SA Salary Index: Why Real Earnings Are Falling Behind

South Africans are earning slightly more on paper — but losing ground in reality. Economist Elize Kruger unpacks the latest PayInc Net Salary Index, the 1% real decline in earnings, and why rising fuel prices and corporate caution could squeeze households even further in 2026.
30 Apr 4PM 15 min

How Currency Volatility Is Hitting South African SMEs

A new Verto report warns that currency volatility is now a bigger threat to SME margins than logistics. Rumbi Shoniwa from Verto SA explains how FX swings erode profits and the practical steps SMEs can take to protect themselves.
29 Apr 3PM 11 min
All episodes