National Fund for Municipal Workers

News

Subscribe to our newsletter for the latest fund updates and developments

Nfmw mourns the loss of Mr. Rio Nolutshungu, the voice of reason.

It is with deep sadness that we inform our members and other stakeholders of the passing of Mr. Rio Nolutshungu.

Read article

Secure your spot for the Two-Pot System Q&A webinar!

Join us for a live webinar where our team will explain the Two-pot System, starting on 1 September 2024. This is your chance to get your questions answered and learn about this new system.

Read article

NFMW Latest news update

The Revenue Laws Amendment Bill of 2023 was enacted by the President in June 2024, and the Pension Laws Amendment Bill is awaiting signature, setting the stage for the two-pot retirement system to be implemented on 1 September 2024.

Read article

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.

Read article

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.

Read article

NFMW Latest news update

The Minister of Finance, Enoch Godongwana, delivered the 2024 Budget speech on 21 February 2024 where he announced that the much anticipated two-pot system is on track for implementation on 1 September 2024.

Read article

Season's greetings from all of us at the NFMW

This is the last edition of the newsletter for 2023, before we close our offices for the festive period. We would like to thank you for your continued support and wish you and your loved ones a joyous and blessed festive season and a prosperous new year.

Read article

NFMW Integrated Report & Key Highlights

We are excited to bring you the NFMW Integrated report for the period 1 July 2022 to 30 June 2023. The report focuses on the NFMW's impact and how the Fund has continued to contribute towards socio-economic prosperity in various meaningful ways and positively impacting the lives of our members, their families and communities, today and tomorrow.

Read article

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

National Treasury and SARS provided feedback at the Standing Committee on Finance as part of the parliamentary process following workshops and public consultations about the proposed two-pot system, which will allow for early access to retirement savings and compulsory preservation.

Read article

RSS Feed to see when a new article has been published.