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Public servants union takes GEPF to court over fund calculations

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Johannesburg - The Public Servants Association of South Africa (PSA) made an application at the North Gauteng High Court in Pretoria to contest the amendments made by the Government Employees Pension Fund (GEPF) in determining retirement and resignation fund benefits.

This is according to PSA Assistant General Manager in Interest, Leon Gilbert. In an interview with Fin24, Gilbert explained that GEPF made the decision without following procedure by consulting other unions. The amendments have been enforced since 1 April 2015. This follows trade union Solidarity’s decision to take the GEPF to court, for the same reason, in May. The difference is that Solidarity is filing a class act, explained Gilbert.

“The GEPF must consult other unions before making decisions like this. But they did not consult us, they even admitted it,” he said. As a result, the direct effect of the amendment is a 7% decrease in the value of benefits payments, explained Gilbert.

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