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Retirement Fund

The retirement fund is a defined contribution fund operating nationally within local government. You may choose to receive between 0% and 100% of your fund credit as a lump sum benefit. The portion of your fund credit, which you do not take as a lump sum benefit, may be converted into a pension of your own choice.

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Category A Fund

The 2% Fund (also called Category A) is a fund established by collective bargaining. Membership has therefore been a condition of service at participating councils since 1987.

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Investment Factsheets

Investment Factsheets & Financial Statements

Financial Statements

ABSA and Sanlam benefits, Voluntary Funeral Cover and Burial Packages

Online Forms

Online & Pension-backed Home loan application forms

Videos

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Post retirement products

Post-retirement products

Latest News

Retirement Reform: What you need to know

The fund has previously communicated on the retirement reform changes that will come into effect on 1 March 2021. These changes were initially meant to be implemented on 1 March 2015 but were postponed to 1 March 2021 to get an agreement between all stakeholders, including stakeholders at NEDLAC level.
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COVID-19: Let us all be responsible together

Dear NFMW-member, the COVID-19 pandemic has impacted all aspects of our lives and we wish to express our heartfelt condolences to everyone who has lost loved ones during these trying times.
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NFMW DEFAULT LIFE STAGE MODEL: NEW APPROACH TO PORTFOLIO SWITCHING EFFECTIVE FROM 1 MARCH 2021

The fund is implementing a “phasing-in” approach for default portfolio switches effective from 1 March 2021. The NFMW applies a life stage model which automatically takes members through different investment portfolios i.e. aggressive to more conservative portfolios as they near retirement age. 
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Fund of choice!

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Contact us

Tel: 012 743 3000
Fax: 086 668 0750

Section 1
Business Park @ Zambezi
860 Milkplum Street
Montana Ext. 143, 0182

PO Box 15515
Sinoville
0129

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Accredited Retirement Fund

The NFMW is an accredited Retirement fund for officials and councillors within Local Government. Find us on  www.municipalities.co.za.

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  • Financial Sector Conduct Authority (FSCA)
  • Pension Funds Adjudicator

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