National Fund for Municipal Workers

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Budget Speech 2016

Read a summary of Finance Minister Pravin Gordhan’s budget speech, tabled in Parliament on February 24 2016. The National Budget is an important reflection of Government’s decisions on which priorities they will focus on and how they seek to allocate resources systematically and fairly. Get a summary of the budget in PDF format.

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Retirement Reform Proposals

Over the last three years, the National Fund for Municipal Workers (NFMW) has on numerous occasions communicated progress on retirement reform proposals by National Treasury, with specific reference to “T-day” proposals. “T-day” amendments will ensure consistent tax treatment for all retirement fund types.

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