January 2017

NFMW greetings

This is our first edition for 2017 and we are excited about what the new year has in store for the NFMW.

Fund members would have received their Annual reports and Benefit statements by now. The next benefit statements will be posted, with the member newsletter during the month of March. Remember the only way we can communicate effectively is by having members' updated contact details on record. Please contact us if your details have changed, or click here to submit the updated information.

Enjoy reading and please feel free to contact us if you have any questions or require assistance with fund related matters.

Kind regards

Sean Samons Principal Executive Officer

Indemnity statement

The National Fund for Municipal Workers does not accept liability for any loss, damage or expense that may be incurred as a direct result or consequence of reliance upon the information in this document. If there is any conflict between the information in this document and the actual Rules of the Fund, the actual Rules of the Fund will prevail.

Retirement reform update

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. Read more about the latest developments here.

2016 Financial statements

The latest financial statements are available and can be accessed on the fund's website www.nationalfund.co.za or by clicking here.

Disability benefits

Members of the NFMW have an option to choose their amount of disability cover. It is an assured benefit and is paid as a lump sum benefit, when the claim is approved. Please click on the links below for the amount of cover provided.

Category C members can decrease their amount of risk cover twice per annum (changes will be effective 1 January and 1 July)

Frequently asked Q and A

Q: Can I make a loan against my fund credit?
A: The fund issues surety for up to 60% of your fund credit, for non-mortgage home loans through a specific financial institution, currently RFS Home loans. The loan must be used for housing purposes i.e. renovations to your existing property, transfer fees or purchasing a property. You will be required to complete the application form, and attach all the supporting documents. The completed application form with the supporting documents can be submitted directly to RFS Home loans by fax to (012) 523 5560 or e-mailed to info@rfsolutions.co.za.

Please note that the loan is subject to approval in terms of the National Credit Act, which means a credit and affordability check will be performed to determine whether you qualify.

Please contact the fund's offices on (012) 743 3000 or (021) 816 9500, if you wish to register for the website interactive service. This registration process can take 3 to 5 working days to complete.