National Fund for Municipal Workers

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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 Important news update

NFMW Important news update

We have been communicating on the Rationalisation of Retirement Funds and the window period that was set to commence on the 1st of July 2022, which would allow employees within Local Government the opportunity to move to a fund of their choice.

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NFMW receives the stamp of approval from the SALGBC

As previously communicated, all Local Government funds, including the NFMW, were required to undergo an accreditation exercise to ensure that they comply with the criteria as set out by the South African Local Government Bargaining Council (SALGBC) as part of the Rationalisation of Local Government Retirement Funds-exercise.

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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.

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Key highlights 1 July 2020 to 30 June 2021

NFMW Investment and switching update

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