Why join the NFMW
The National Fund for Municipal Workers (NFMW) is the largest fund within Local Government, with a membership base of more than 55 000 members, which is a clear indication that we are the fund of choice for municipal employees and councillors throughout South Africa.
Our excellent long-term investment performance track record puts it on par with the best global balanced managed portfolios in south africa and ahead of its peers in local government.
Managed by a Board of Trustees consisting of 10 member representatives and one employer representative. This means more than 90% of the Trustees are members of the fund.
Here's how to join
Complete the New-member application form
Submit the completed form to your Human Resources department
Once the New-member application form and contributions are received by the fund, we will send you a welcome pack, with your membership card and benefit information.
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 :
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 :
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.