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IOL Business reports that the Police and Prisons Civil Rights Union (Popcru) has raised alarm over "unexplained" cuts to members’ pensions and has called for urgent answers from the Government Employees Pension Fund (GEPF).
It was recently reported that from 1 October 2025 the GEPF implemented updated actuarial interest factors that reduced pre-retirement exit benefits by an average of 15%. "The extent to which individual members’ actuarial interest will differ between the 2021 and 2024 factors depends on their age and category (i.e., whether they are Service members or not)," the GEPF said. In reaction, Popcru indicated: "We find it deeply troubling that such material changes appear to have been implemented without any consultation, prior notice, or adequate explanation to the affected members."
Popcru demanded immediate answers from the GEPF Board of Trustees and the Government Pensions Administration Agency (GPAA) that included a clear explanation of who authorised the changes, and when the actuarial review was conducted. Meanwhile, the GEPF moved to calm growing public concern, insisting that members’ pensions remained safe and guaranteed. It gave the assurance that “No money has been stolen".
- Read the full original of the report in the above regard by Mthobisi Nozulela at IOL Business
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