The Government Pensions Administration Agency (GPAA) is a government component which reports to the Minister of Finance and administers funds and schemes on behalf of the Government Employees Pension Fund (GEPF), the largest pension fund in Africa. It thus administers the pension affairs of approximately 1,7 million government employees and pensioners, as well as the affairs of their spouses and dependants.
The GPAA’s legislative mandate is guided by the overall mandates of GEPF and National Treasury. The GPAA is responsible for administering pensions on behalf of GEPF in terms of the Government Employees Pension (GEP) Law of 1996 on behalf of GEPF’s Board of Trustees.
The GPAA is also mandated to administer the following funds and scheme on behalf of National Treasury:
- The Temporary Employees Pension Fund (TEPF) in terms of the TEPF Act 75 of 1979;
- The Associated Institutions Pension Fund (AIPF) in terms of the AIPF Act 41 of 1963;
- Post-Retirement Medical Subsidies as provided for and regulated by Public Service Co-ordinating Bargaining Council (PSCBC) resolutions;
- Military Pensions in terms of the Military Pensions Act 84 of 1976;
- Injury-on-Duty (IOD) payments in terms of the Compensation for Occupational Injuries and Diseases Act 130 of 1993; and
- Special Pensions in terms of the Special Pensions Act 69 of 1996.
All of the work undertaken by the GPAA is in the interests of serving the needs of its primary clients, GEPF and National Treasury, through fund and benefit administration.