National Fund for Municipal Workers

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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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Trustee elections Gauteng 2023

As you are aware, the National Fund for Municipal Workers is engaged in the process of electing members of the Board of Trustees for the next term of office commencing on 1 November 2023.

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Trustee elections Mpumalanga 2023

As you are aware, the National Fund for Municipal Workers is engaged in the process of electing members of the Board of Trustees for the next term of office commencing on 1 November 2023.

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NFMW Trustee elections 2023

The Fund is in the process of conducting Trustee elections to fill three vacancies on the Board of Trustees, effective 1 November 2023. There are two vacancies in Gauteng and one in Mpumalanga. NFMW-members employed at participating employers within these provinces may participate in the elections.

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Improved benefits & a reduction in risk cover cost from 1 July 2023

The Fund understands the impact that high costs can have on your savings towards retirement and therefore endeavors to always keep these costs to a minimum. Our commitment to ensuring that our members receive the best value for their money also means that we are constantly looking for ways to improve our overall member value proposition.

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

National Treasury and the South African Revenue Service have released the revised 2023 Draft Revenue Laws Amendment Bill and 2023 Draft Revenue Administration and Pension Laws Amendment Bill for public review and feedback. These draft bills include the necessary legal changes to implement the initial phase of the “two-pot” retirement system...

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NFMW collaborates with INfund Solutions and Portfolium

At this stage you might be familiar with the term Retirement Reform, but many of you might still be uncertain of when you should be acting with regard to planning for your retirement and what you should be doing...

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NFMW Latest news update

In March we communicated on the judgment handed down by the High Court of South Africa (Gauteng division) in February 2023, ordering the review and setting aside of the Retirement Fund Collective Agreement (RFCA)...

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Collective agreement set aside

In 2022 we communicated on the Rationalisation of Retirement Funds and the much-anticipated window period that would allow employees the freedom to choose a retirement fund they want to belong to.

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