GEPFUTURE INTERNSHIP OPPORTUNITIES 2024-2026

Government Employees Pension Fund (GEPF) invites applications for Internship opportunities
in the below mentioned fields. The GEPFuture Internship Programme will run for the period
from 01 September 2024 to 31 March 2026.

General principles and requirements:

• The programme is aimed at unemployed graduates who have successfully completed
  at least a three (3)-year Degree/ National Diploma OR students who have passed all
  course work but require practical workplace exposure for completion of a qualification
  in any field specified above.
• Preference will be given to candidates who have obtained a minimum 60% aggregate
  pass mark at undergraduate level (over the duration of the qualification) and a minimum
  55% pass mark at post graduate level.
• Applicants are only opened to South African citizens between the ages of 18 and 35 years.
• Students that still need to finish or qualify for a Degree or National Diploma should not
  apply.
• Applicants who have benefited from an Internship programme and have previous
  formal employment in the field of study will not be considered.
• GEPF will not make provision for accommodation to any candidate attending the
  interviews or appointed candidate.
• GEPF will ensure that its selection and recruitment process is employment equity
  compliant. Preference will be given to people with disabilities.
• If after your appointment it is established that you have given false information, you will
  be liable to instant dismissal.
• Correspondence will be limited to short-listed candidates only. If you have not been
  contacted within 1 month after the closing date, please consider your application as
  unsuccessful.

To apply, please email your CV not longer than 2 pages indicating your undergraduate/
post graduate average mark, ID copy, transcript(s) and copies of relevant qualifications
to the email address indicated next to the position you are applying for, indicating the
GEPFuture Programme you are applying for on the subject line (e.g. Application:
Finance Intern).

Click here to apply

All the best with your applications.

More information about GEPF:

Who is GEPF?

Solid track record in protecting our pensioners against inflation.

WE VALUE HONESTY, TRANSPARENCY, EMPATHY, PROFESSIONALISM AND INNOVATION.

The Government Employees Pension Fund (GEPF) is a defined benefit fund that manages pensions and related benefits on behalf of government employees in South Africa. Established in 1996, it is the largest pension fund in South Africa and one of the largest pension funds in Africa and the world. Its current benefit structure offers members:

• Withdrawal benefits;
• Retirement benefits;
• Ill-health or Disability benefits; and
• Death benefits.

The GEPF is governed by the Government Employees Pension (GEP) Law (1996). The executive authority of the GEPF is the Board of Trustees (“Board”).

The GEPF has outsourced its administration and investment activities to the Government Pensions Administrative Agency (GPAA) and the Public Investment Corporation (PIC) respectively. The GPAA carries out day-to-day administration while the PIC invests funds on behalf of the GEPF.

GEPF at a glance

• Founded: May 1996, when various public sector pension funds were consolidated into GEPF.
• Nature of business: A defined benefit pension fund, meaning that all benefits are guaranteed.
• Mandate: Managing pensions and related benefits on behalf of all South African government employees.
• Legal status: A juristic entity governed by the Government Employees Pension Law of 1996, as amended.
• Governance: The Fund’s fiduciary functions are the responsibility of the Board of Trustees with an equal number of employer and member representatives.

• Clients: Approximately more than 1.267 million active members from more than 325 government departments and about 524 030 pensioners and other beneficiaries.
• Funding level: 110.1% (based on the approved actuarial valuation conducted as at 31 March 2021).
• Accumulated funds and reserves: R2.27 trillion as per financials as at 31 March 2023.
• Geographical footprint: Client Walk-in Centres are in all nine provinces of South Africa.

Vision & Values

We value honesty, transparency, empathy, professionalism and innovation.

OUR MISSION

As the Government Employees Pension Fund is the custodian of a significant portion of the wealth of public servants, our mission is to:

• ensure the sustainability of the Fund;
• provide for efficient delivery of benefits; and
• empower our beneficiaries through effective communication.

OUR VISION

To be a global leading and reputable pension fund that delivers quality service to beneficiaries.

WE VALUE

We value integrity, transparency, client centricity, accountability, and innovation.

Integrity means:

• being ethical and truthful;
• maintaining good governance practices; and
• Not misrepresenting or withholding information to which our stakeholders are entitled.

Transparency means:

• communicating openly and frequently with our stakeholders;
• setting out information in a format that is clear and understandable; and
• being open to scrutiny and oversight.

Client Centricity means:

• working collectively and cooperatively with our stakeholders;
• caring; and
• maintaining customer focus.

Accountability means:

• acting with due diligence, competence, confidentiality, and reliability.

Innovation means:

• Championing research and development in the retirement fund industry worldwide.

GEPF Brand

GEPF is 110.1% funded.

A pension fund is an institution that exists because of its members and the communities they represent. The logo depicts an organisation that empowers members in such a way that each individual associated with it can feel a sense of ownership. The design clearly demonstrates the concept of owning and sharing in the wealth.

The structure of the logo is portrayed as a tree. Trees, due to their extensive life spans, are symbols of long term growth, vitality and sustainability. They are able to weather all seasons, storms and any manner of natural adversity. When everything around the tree withers and fades, it is left standing year in and year out.  In this instance, the actual representation of the tree is not specific to any species, thereby enhancing the universal appeal of the design for a broad spectrum of the South African population.

The leaves and branches of the tree are symbolic of the wealth of GEPF. The stylised figures below the leaves are designed with the dual purpose of representing the stem of the tree as well as the sharing and owning of wealth. This is immensely symbolic as the figures form the stem, and essentially the foundation of the organisation. This structure bears the product of the tree, essentially the leaves are symbolic of the wealth.

The colours are warm and appeal to all sectors of the population. The logo is inviting, accommodating and majestic. It is a symbol which will evoke a sense of pride when associating with GEPF.

Your Investment, Your Future

This is a fund that exists because of you. Its growth is your growth, its success is your success and, most importantly, its wealth is your wealth. Your trust and commitment to the Fund will guarantee your future and the livelihood of your immediate community. This entity is your entity, you represent it, and you own it and it cannot exist without you.

Governance

Walk-in Centres in all nine provinces of South Africa.

Corporate Governance

The GEPF Board of Trustees governs the Pension Fund and is accountable for its administrative and investment performance. The Board is established in terms of the GEP Law and Rules and appointed for a four-year period.   The Rules prescribe that the Board is responsible for the proper and efficient management of the Fund and consists of:

• eight employer nominees; and
• eight employee nominees, which includes a pensioner member and representative of the South African National Defence Force (SANDF) and Intelligence, elected through postal ballot.

According to the GEP Law, fiduciary responsibility for the Pension Fund rests with the Board, which has constituted five permanent committees and two subcommittees to give effect to its strategic direction, and to ensure that proper oversight and monitoring of outsourced services.

Board Secretariat

The Board Secretariat ensures that the Board practices good governance at all times. They also provide guidance to the board on the duties of the trustees, ensure that the trustees are adequately inducted and trained, and provide an executive secretariat function to the Board and its committees.