A member qualifies for resignation benefits when they resign from their job or are discharged (due to misconduct, or an illness or injury that was caused by their own doing).
When a member resigns, they can choose from the following two options:
- Have the cash resignation benefit paid into their bank account, or
- Transfer the resignation benefit to an approved pension fund.
Claiming the cash resignation benefit - what to do:
To have your resignation benefit paid into your bank account, you need to supply your Human Resources (HR) department with the following documents:
- A clear, certified bar-coded copy of your ID or passport (no older than six months);
- A correctly completed Personal Details form (Z864);
- A correctly completed Banking Details form (Z894);
- A completed Choice form (depending on your reason for leaving);
- Certified copies of your marriage certificate and the birth certificates of your children, if applicable; and
- Any other forms that your HR department might ask you to complete.
Next, HR will complete a Withdrawal from Fund Application form (Z102) and submit it, together with the other forms that you have submitted to them, to the GEPF.
Transferring your resignation benefit - what to do:
To transfer your benefit to an approved pension fund, you need to give your Human Resources (HR) department the following documents:
- A correct and completed Transfer Application form (Z1525), signed by yourself and a representative of the Fund;
- A clear, certified (not older than six months) bar-coded copy of your ID or passport;
- A correct and completed Personal Details form (Z864);
- A correct and completed Choice form (depending on your reason for leaving);
- Certified copies of your marriage certificate and birth certificates of your children, if applicable; and
- Any other forms that your HR department might ask you to complete.
Next, HR will complete a Withdrawal from Fund Application form (Z102) and submit it, together with the other forms that you have submitted to them, to the GEPF.