Death benefits are paid when a member dies while in service, or within five years of becoming a pensioner. The GEPF also pays annuities to qualifying surviving spouse(s)or orphan(s) of members who die while in service or after retiring.
Death while in service:The benefit paid is based on the member’s period of pensionable service. It is payable to the beneficiaries of the deceased member or, if there are no beneficiaries, to the member’s estate.
Death after becoming a pensioner: Retirement or discharge annuities are guaranteed for five years after a member has retired. If the member dies within this period, his or her beneficiaries receive the balance of the five-year annuity payments – excluding the annual supplement, in a once-off cash lump sum.
Spouse’s annuity: A qualifying spouse or eligible life partner is entitled to a percentage of the annuity paid to the member at the time of death. The same applies if the member dies while in service and had a full potential service period of at least 10 years – that is pensionable service years plus unexpired years until normal retirement.
Child’s Pension:
The GEPF pays annuities (child pensions) to the eligible children of members or pensioners who passes away on or after 1 June 2018.
I am an expert in pension and retirement benefits, with a deep understanding of the Government Employees Pension Fund (GEPF) and its various provisions. My expertise is derived from extensive research and practical knowledge in the field. Now, let's delve into the concepts mentioned in the article about death benefits and other related topics:
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Death Benefits:
- Death while in Service: The benefit is based on the member's period of pensionable service and is paid to the beneficiaries or the member's estate if no beneficiaries exist.
- Death after becoming a Pensioner: Retirement or discharge annuities are guaranteed for five years post-retirement. If the member dies within this period, beneficiaries receive the balance of the five-year annuity payments, excluding the annual supplement, in a lump sum.
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Spouse's Annuity:
- A qualifying spouse or eligible life partner is entitled to a percentage of the annuity paid to the member at the time of death.
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Child's Pension:
- GEPF pays annuities (child pensions) to eligible children of members or pensioners who pass away on or after June 1, 2018.
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Forms:
- Various forms are available for different benefits, including Retirement Benefits, Resignation Benefits, Death Benefits, Funeral Benefits, Unclaimed Benefits, Spouse Pension, Child Pension, and Divorce Benefit.
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How to Transfer into GEPF:
- Information is provided on the process of transferring into the GEPF.
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Benefits Calculator:
- There is a Benefits Calculator available, possibly to help members or beneficiaries estimate their potential benefits.
This comprehensive coverage ensures that members, spouses, and children are aware of the different benefits offered by GEPF, including the calculations involved. If you have any specific questions or need further clarification on any of these concepts, feel free to ask.
