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.

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Latest News

Important Update NFMW Latest news update

NFMW Latest news update

The Fund has recently conducted its annual funeral benefit/cost review exercise. This review is part of our ongoing commitment to ensure that the benefits provided to our members remain the best in the retirement funds industry, while also keeping the costs to a minimum. By minimising the costs of the risk/funeral cover, the Fund seeks to maximise contributions toward our members' retirement savings. Our commitment to prudent financial management is unwavering, and we will continue to keep costs to a minimum for the benefit of our members.

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NFMW Latest news update

The implementation of the new two-pot retirement system is scheduled for 1 September 2024. This system offers members the flexibility to withdraw a portion of their savings without needing to resign from their current employment, while also ensuring compulsory preservation to secure a steady income upon retirement.

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Need to update your contact information?

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Need to update your contact information?

Ensure that you receive your fund communication, updates and benefit statements.

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NFMW two pot series - Episode 2

NFMW two pot series - Episode 1

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