With SANDF Pension fund payout, Military Pensions are approved in terms of the Military Pensions Act (Act 84 of 1976) and provide funds for soldiers injured in combat. The Act also provides for members from former political organisations, referred to as Non-statutory Forces (NSF), who were injured or disabled, or who contracted diseases while performing official duties. Such members are entitled to pensions as well as medical treatment.
The GPAA engages with the Military Veterans Department on issues relating to Military Pensions and a Health Risk Manager is employed to ensure that disabilities are properly assessed.
How and where to check if you have Unclaimed Benefit? Download PDF
Government Employees Pension Fund Members Guide pdf
How much is military pension in South Africa?
You will get R 2 000 per month.
How long does it take for pension fund payout?
Between 4 and 12 weeks. It typically takes between 4 and 12 weeks to process a retirement fund pay-out (21 business days at 10X Investments), from the time your last contribution is invested or the required instruction forms are received by the administrator (whichever is the later).
How do I check my pension?
To check your workplace and personal pensions, you can look at your annual pension statements or log in to your online accounts. If you’re not sure who’s managing your pensions and aren’t receiving regular statements, you may need to track down your pensions.
Checking your workplace and personal pensions
It’s important to check your pension to make sure you’re saving enough for retirement, you understand the fees you’re paying, and you’re happy with how your pension is being invested.
If you’ve got workplace pensions, and/or private pensions, you should receive statements each year showing you how much money is in your pension pots and how your investments are performing. If you’re unsure about whether you’ve got a pension in the first place our “Do I have a pension?” tool could be a good starting point.
Checking your pension online
Some pensions – including PensionBee pension plans – come with online accounts. This means you can log in to your account to check your pension any time, just like you check your bank balance from your online banking portal.
If you’ve got a PensionBee pension, your online account is called your BeeHive, and from here you can see your pension balance. You can also see a list of recent transactions in your activity log and check the historic performance of your investments. Our pension calculator can also help you see if your retirement savings are on track.