National Fund for Municipal Workers

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Great News - NFMW Surpasses R40 Billion in Assets Under Management!

The National Fund for Municipal Workers (NFMW) has officially surpassed R40 billion in Assets Under Management (AUM) — a significant milestone that reflects the Fund’s continued growth, strong governance, and prudent investment strategy.

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Season's Greeting from all of us at the NFMW

The offices of the National Fund for Municipal Workers will close on Friday, 19 December, and will reopen on Monday, 5 January 2026.

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NFMW Integrated Report & Key Highlights

We are pleased to share the NFMW 2024/2025 Integrated Report, which marks the conclusion of our five-year strategic cycle (2020–2025) under the theme “Sustainable Growth, Lasting Impact.”

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Supreme Court of Appeal Judgment on Retirement Fund Collective Agreement

The Supreme Court of Appeal delivered a judgment on 21 August in the case of SALGA v Municipal Workers Retirement Fund & Others, which has been ongoing since 2023. The Fund is carefully reviewing the judgment and will provide further insights once this process is complete.

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NFMW Latest news update

As we step into the second half of the year, we are excited to share the Fund’s 2025 theme, one that speaks directly to you, our members. It reflects what matters most - delivering real value, supporting your personal and financial growth, and helping you prepare for a more secure future.

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NFMW Celebrates 60 000 Members

I am proud to announce that the National Fund for Municipal Workers (NFMW) has reached a major milestone, we now have over 60 000 active members, strengthening our position as the largest retirement fund in local government.

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NFMW Latest news update

It has been six months since the implementation of the two-pot retirement system, and the Fund has already processed over 25,000 claims, paying out more than R520 million (with the necessary tax deductions paid to SARS).

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NFMW Latest news update

The offices of the NFMW will be closed from Monday, 23 December 2024, and will re-open on Monday, 6 January 2025.

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