News

Published on 1 November, 2023

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.

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Published on 20 October, 2023

The election process was conducted from July to October 2023 and members within these two provinces could participate in the elections. The elections were communicated using various communication platforms to ensure that the Fund reached the majority of the fund membership.

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Published on 5 September, 2023

As you are aware, the National Fund for Municipal Workers is engaged in the process of electing members of the Board of Trustees for the next term of office commencing on 1 November 2023.

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Published on 5 September, 2023

As you are aware, the National Fund for Municipal Workers is engaged in the process of electing members of the Board of Trustees for the next term of office commencing on 1 November 2023.

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Published on 3 July, 2023

The Fund is in the process of conducting Trustee elections to fill three vacancies on the Board of Trustees, effective 1 November 2023. There are two vacancies in Gauteng and one in Mpumalanga. NFMW-members employed at participating employers within these provinces may participate in the elections.

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Published on 28 June, 2023

The Fund understands the impact that high costs can have on your savings towards retirement and therefore endeavors to always keep these costs to a minimum. Our commitment to ensuring that our members receive the best value for their money also means that we are constantly looking for ways to improve our overall member value proposition.

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Published on 20 June, 2023

National Treasury and the South African Revenue Service have released the revised 2023 Draft Revenue Laws Amendment Bill and 2023 Draft Revenue Administration and Pension Laws Amendment Bill for public review and feedback. These draft bills include the necessary legal changes to implement the initial phase of the “two-pot” retirement system...

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Published on 8 June, 2023

At this stage you might be familiar with the term Retirement Reform, but many of you might still be uncertain of when you should be acting with regard to planning for your retirement and what you should be doing...

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Published on 8 May, 2023

In March we communicated on the judgment handed down by the High Court of South Africa (Gauteng division) in February 2023, ordering the review and setting aside of the Retirement Fund Collective Agreement (RFCA)...

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