what is gepf 96 fund
These rules are spelled out in the Government Employees Pension Law 21 of 1996, as amended, which is referred to as the GEP Law. The aim of this law and the rules that guide the Board of Trustees in governing the Fund is to ensure that GEPF puts the interests of its members first. For instance:1  Benefits are guaranteed: All GEPF benefits are defined in the GEP Law and rules, which is why GEPF is called a defined benefit fund. 2  The advantage of belonging to a defined benefit fund is that benefits are guaranteed. 3  Members will never receive less than the benefits they qualify for.hese rules are spelled out in the Government Employees Pension Law 21 of 1996, as amended, which is referred to as the GEP Law. The aim of this law and the rules that guide the Board of Trustees in governing the Fund is to ensure that GEPF puts the interests of its members first. For instance: