News

Published on 31 July, 2017

The latest newsletter is included in this edition of the news update. A copy of the newsletter will also be posted to all fund members with their benefits statements during the month of August.

Read article

Published on 30 June, 2017

We are excited to announce that from the 1st of July 2017, NFMW members enjoy improved benefits and have the option to make use of any of the following voluntary products;

Read article

Published on 31 May, 2017

In this edition we focus on the risk cover provided by the fund.

What is risk cover? It is the death and disability cover you elect to have in the fund, to make provision for the unforeseen. It is a re-insured benefit provided by Sanlam and every month the cost of the cover (depending on the risk cover option elected) is deducted from the employer contributions. 

Read article

Published on 2 May, 2017

We already are in the second quarter of 2017 and with all the public holidays behind us for now, it is full speed ahead. This edition of the news update includes an article on the fund's investments, including life stages, member investment choice and portfolio switches.

There is still time to enter our Facebook competition and please remember to complete our survey, your feedback is important to us. 

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

Read article

Published on 4 April, 2017

President Zuma’s decision to remove the Finance Minister and undertake the most comprehensive Cabinet reshuffle since 1994 came as a shock to markets and investors, both locally and abroad, and put paid to speculation that he would temper his actions in the face of heated opposition from all quarters this week.

Read article

Published on 30 March, 2017

At the National Fund for Municipal Workers we believe in going the extra mile in ensuring that our members are always kept informed. We issue four newsletters and not one, but two benefit statements per year. We also send out quarterly fund credit sms notifications.

Communication can only be effective if it reaches our members and we again appeal to you to contact us if your details have changed, or click here to submit the updated information.

Read article

Published on 1 March, 2017

Did you know that less than 7% of South African's are able to retire comfortably one day?

Investment performance has a direct effect on the growth of your retirement savings. We are happy to report on a cumulative positive return on all the portfolios, despite the volatile markets and have included the fund's latest investment portfolio returns.

Making informed decisions when you resign and retire is as important as good investment returns. Be sure to watch our latest video on this important topic.

Read article

Published on 30 January, 2017

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

Read article

Published on 16 January, 2017

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. These regulations were initially scheduled for implementation in March 2015, but were postponed amid concerns that members would not be able to access their pension benefits prior to retirement, once these new regulations were  introduced. These concerns unfortunately, fuelled premature resignations to access retirement funds. 

Read article