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Published on 30 March, 2017
At the National Fund for Municipal Workers we believe in going the extra mile in ensuring that our members are always kept informed. We issue four newsletters and not one, but two benefit statements per year. We also send out quarterly fund credit sms notifications.
Communication can only be effective if it reaches our members and we again appeal to you to contact us if your details have changed, or click here to submit the updated information.
Published on 1 March, 2017
Did you know that less than 7% of South African's are able to retire comfortably one day?
Investment performance has a direct effect on the growth of your retirement savings. We are happy to report on a cumulative positive return on all the portfolios, despite the volatile markets and have included the fund's latest investment portfolio returns.
Making informed decisions when you resign and retire is as important as good investment returns. Be sure to watch our latest video on this important topic.
Retirement reform update
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.
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.
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.
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.