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If you are resigning, you must complete a choice form to transfer your benefits or receive the benefits into your bank account – you are adviced to consult with a financial advisor on your choice. When a member resigns or is discharged from government service, he or she receives a resignation benefit.
Once the GEPF have received your duly completed documents, it will take not more than 60 days to process you claim.
The GEPF offers two options for the payment of the resignation benefit:
- Have it paid into a bank account as a cash lump sum; or
- Transfer it to an approved pension preservation fund.