Dear valued NFMW member,
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.
This incredible achievement is only possible because of your trust and support, and for that, we extend our heartfelt thanks to each and every one of our valued members.
We are committed to empowering you through our comprehensive benefit offering, with a strong focus on both financial and psychological wellness, backed by personalised service and sound investment solutions. We invite you to review the latest overview of the benefits available to you as an NFMW member, as well as our most recent investment portfolio performance.
As we celebrate this success, we reaffirm our commitment to:
- Providing superior benefits that support your long-term financial security
- Delivering sound and consistent investment returns to help your savings grow
- Ensuring the responsible and transparent management of the Fund to protect your interests
- Helping you achieve the best possible retirement outcomes
Thank you once again for being part of the NFMW journey. We look forward to continuing to serve you with dedication and care, today, and into your retirement.
Warm regards,
Dr Leslie Ndawana
Principal Executive Officer
National Fund for Municipal Workers (NFMW)
We will be giving away 60 exclusive NFMW hampers in a lucky draw, and all you need to do to enter is complete our Member Feedback Survey.
Your feedback is important to us. It helps us improve the services we provide and ensure that we continue meeting your needs and expectations.
The survey closes on 31 July 2025
Click here to complete the survey or
Scan the QR code
NFMW'S BENEFITS AND SERVICE OFFERING
INVESTMENTS
INVESTMENTS THAT WORK FOR YOU
Our default life stage model automatically adjusts your investments as you approach retirement – from growth to protection. Prefer to choose your own portfolio/s? You can also select from a range of expert-managed portfolios that suit your style and risk level.
We follow a proven long-term investment strategy designed to help you build the retirement you deserve.
For more information on the Fund's investments portfolios, including the latest investment performance click here
MEMBER WELLNESS
WE ARE COMMITTED TO YOU AND YOUR FAMILY’S WELLBEING
At NFMW we offer holistic financial advice and retirement benefit counselling through our appointed service providers, Portfolium and INFund Solutions. You also have access to 24/7 psychological and wellness support through our Health Heroes service – available to you and your immediate family, 365 days a year, at no cost to you. Click on the links for more info
RISK COVER
DEATH, DISABILITY, AND FUNERAL COVER FOR PEACE OF MIND
As an NFMW member, you choose the level of death and disability cover that suits you. You can adjust your cover as your needs change. This ensures that both you and your loved ones are financially protected when it matters most. Please refer to your benefit statement for the option you selected. For full details on risk cover options and funeral benefits, click below:
VOLUNTARY FUNERAL COVER
NEED TO COVER EXTENDED FAMILY MEMBERS?
Our voluntary funeral cover and burial packages make it easy. As an NFMW member you can opt for additional funeral cover for extended family members with premiums paid directly to the provider. You choose the level of cover or package that best suits your needs.
Options include:
HOUSING LOANS
WE ISSUE SURETY FOR PENSION BACKED HOUSING LOANS
As an NFMW member, you can access housing loan guarantees of up to 60% of your Fund credit for property purchases, renovations, or bond settlements.
The loan is subject to approval and your employer must have an agreement with the provider before proceeding. Find out more here
EXCLUSIVE BENEFITS
YOU QUALIFY FOR EXCLUSIVE DISCOUNTS AND BENEFITS
NFMW members enjoy exclusive discounts on vehicle finance, home loans, and personal loans. You also automatically qualify for benefits through the Sanlam Reality Access programme, including funeral support, legal assistance, medical support, and discounts. Find out more here.
LATEST INVESTMENT PORTFOLIO RETURNS
The most recent and long-term investment portfolio performances as at 30 April 2025 are provided below.
| 3 months | 1 year | 3 years Ann | 5 years Ann | 10 years Ann | |
|---|---|---|---|---|---|
| Shariah Portfolio | -1.40% | 7.34% | 3.49% | 10.91% | 6.78% |
| Capital Protector | 2.14% | 10.54% | 8.87% | 7.34% | 7.52% |
| Stable Growth | 2.82% | 18.79% | 10.74% | 8.32% | 12.61% |
| Capital Growth | 1.93% | 16.43% | 11.52% | 12.55% | 8.62% |
| Aggressive Growth | 1.72% | 15.61% | 11.75% | 12.43% | 8.44% |
| CPI (inflation) | 1.50% | 2.72% | 4.90% | 4.99% | 4.83% |
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