WorksheetsWho Wants to be a Government Employee - Part 2
Total questions: 15
Worksheet time: 5mins
Name
Class
Date
1.
When was the Government Employees Pension Fund (GEPF) established?
a)
July 2005
b)
March 2010
c)
April 2000
d)
May 1996
2.
What is the primary aim of the GEPF?
a)
Provide housing benefits
b)
Provide education benefits
c)
Provide healthcare benefits
d)
Provide retirement benefits
3.
Who can belong to the GEPF?
a)
All government departments whose conditions of service come under the Public Service Act
b)
Only teachers
c)
Only healthcare workers
d)
Only private sector employees
4.
What percentage of their pensionable salary do GEPF members contribute towards the fund?
a)
5.0%
b)
7.5%
c)
15.0%
d)
10.0%
5.
How is final salary defined in the GEPF?
a)
Average salary over the last 18 months
b)
Average salary over the last 12 months
c)
Average salary over the last 24 months
d)
Average salary over the last 36 months
6.
Under what circumstances can a member be discharged from the GEPF?
a)
Due to resignation
b)
Due to promotion
c)
Due to retirement
d)
Due to misconduct
7.
What happens if a member retires before age 60 in the GEPF?
a)
Benefits are increased
b)
Benefits are decreased
c)
Benefits remain the same
d)
Benefits are forfeited
8.
What is the rate of contribution for members of the South African National Defense Force or government employees in the intelligence community?
a)
13.0%
b)
16.0%
c)
7.5%
d)
20.0%
9.
What is the largest pension fund in South Africa?
a)
GEPF
b)
Sanlam Umbrella Fund
c)
Old Mutual SuperFund
d)
Transnet Pension Fund
10.
What benefits does the GEPF provide, besides retirement benefits?
a)
Resignation/withdrawal, disability/ill-health, and death benefits
b)
Education benefits
c)
Housing benefits
d)
Healthcare benefits
11.
How is the gratuity calculated for members with 10 or more years of service upon normal retirement?
a)
5.72% x final salary x years of pensionable service
b)
7.72% x final salary x years of pensionable service
c)
6.72% x final salary x years of pensionable service
d)
8.72% x final salary x years of pensionable service
12.
What is the reduction percentage for annuities and gratuities for members with 10 or more years of service upon early retirement?
a)
1/4%
b)
1/3%
c)
1/2%
d)
2/3%
13.
What determines the increase in pension for retired members?
a)
Government regulations
b)
Consumer Price Index
c)
Fund rules
d)
Member's age
14.
How many years of service are required to receive a medical aid subsidy for the rest of your life?How many years of service are required to receive a medical aid subsidy for the rest of your life?
a)
20 years
b)
15 years
c)
10 years
d)
5 years
15.
How is the lump sum resignation benefit calculated for members opting for cash payment?
a)
9.5% x final salary x years of pensionable service
b)
8.5% x final salary x years of pensionable service
c)
7.5% x final salary x years of pensionable service
d)
6.5% x final salary x years of pensionable service
100 %
