National Fund for Municipal Workers

Category C

This is the main retirement savings category, members contribute between 7.5% to 9% and the employer 18% towards retirement. Members can choose between various risk categories to best suit their individual needs. The benefits in this category include :

Category A

This Category, also known as the 2%-fund, is a supplementary retirement savings vehicle for employees within Local Government, both the member and employer contribute 2%. The benefits in this category include :

Category E

This Category is for members who previously belonged to the National Pension Fund for Municipal Workers or where transfers to NFMW were effected from a pension fund. Category E members need to purchase a pension/annuity with at least two-thirds of their fund credit when they retire.

Why should I become a member?

Read a quick summary on why you should join our fund, what benefits we provide and view the funds short and long-term investment returns

Latest News

Important Update NFMW Latest update on the "Two-pot" retirement system

NFMW Latest update on the "Two-pot" retirement system

National Treasury and SARS provided feedback at the Standing Committee on Finance as part of the parliamentary process following workshops and public consultations about the proposed two-pot system, which will allow for early access to retirement savings and compulsory preservation.

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NFMW 2023 Trustee elections - The results are in!

The election process was conducted from July to October 2023 and members within these two provinces could participate in the elections. The elections were communicated using various communication platforms to ensure that the Fund reached the majority of the fund membership.

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Need to update your contact information?

Ensure that you receive your fund communication, updates and benefit statements.

Need to update your contact information?

Ensure that you receive your fund communication, updates and benefit statements.

Latest Videos

Risk cover changes and improved benefits 1 July 2023

NFMW Year in Review (2021|2022) - Our key highlights

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