News

Published on 16 January, 2017

Over the past four years, the National Fund for Municipal Workers (NFMW) has, on numerous occasions, communicated progress on retirement reform proposals by National Treasury. These regulations were initially scheduled for implementation in March 2015, but were postponed amid concerns that members would not be able to access their pension benefits prior to retirement, once these new regulations were  introduced. These concerns unfortunately, fuelled premature resignations to access retirement funds. 

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Published on 28 November, 2016

The Annual report, covers the activities of the fund for the financial year 1 July 2015 to 30 June 2016. 

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Published on 28 November, 2016

Our membership has grown to more than 43 000 members nationally. The fund's total assets have increased by R2 billion during the year under review, to over R12 billion. The fund performed well in terms of its investment objectives. The returns added to members' fund credits over this period were well above inflation, with the Aggressive portfolio achieving in excess of 10%. Administration costs have reduced to only 0.5% of pensionable salary. Funeral benefits have improved with a reduction in risk cover cost.

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Published on 27 October, 2016

Can you believe that we are at the end of October already, which means there are only two months left until the end of 2016? This is also the time of the year when we prepare the annual report, which provides an overview of the fund for the 2015/2016 financial year, as well as a personalised benefit statement for all fund members. Please be on the lookout for these important documents, which will be posted during the month of November 2016.

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Published on 28 September, 2016

As part of our objective to inform and educate our members we have created an educational video, which provides you with an overview of the benefits and services provided by the fund. This, as well as the latest investment performance and important reminders are included in this update.

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Published on 12 August, 2016

Our latest member newsletter is available and includes details of the recent Fund developments, increased funeral cover, reduced risk cover cost and much more.

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Published on 10 August, 2016

Give us your feedback on the new website and stand a chance to win exciting prizes. All you need to do is tell us where you found the hidden icon by completing the competition entry form. Thank you and good luck!

Closing date for the competition is 31 October 2016.

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Published on 28 June, 2016

The purpose of this communication is to provide you with sufficient information to take responsibility for your retirement money and to manage your retirement savings in the most appropriate way.

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Published on 28 June, 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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