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

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Nfmw mourns the loss of Mr. Rio Nolutshungu, the voice of reason.

It is with deep sadness that we inform our members and other stakeholders of the passing of Mr. Rio Nolutshungu.

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Secure your spot for the Two-Pot System Q&A webinar!

Join us for a live webinar where our team will explain the Two-pot System, starting on 1 September 2024. This is your chance to get your questions answered and learn about this new system.

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Two-pot retirement system

Find out more on the two-pot system that will come into effect 1 September 2024.

Two-pot retirement system

Find out more on the two-pot system that will come into effect 1 September 2024.

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NFMW two pot series - Episode 2

NFMW two pot series - Episode 1

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