RETIREMENT SAVINGS
NFMW – A TRUSTED CUSTODIAN
who grows members’ investments and keeps them informed along the way to a secure retirement he National Fund for Municipal Workers (NFMW) has grown to be the largest fund within Local Government and with a membership base of more than 55 000 (employees and councillors) throughout South Africa, it is clear we are the fund of choice. Our members are at the centre of what we do, our decisions, our behaviours and the strategies that we employ in the management of the fund. We pride ourselves in providing excellent service and the administration cost is of the lowest in the industry; this translates to less of our members’ contributions towards cost and more towards retirement savings. Our excellent long-term investment performance track record puts us on par with the best global balanced managed portfolios in South Africa and ahead of our peers in Local Government. The fund has won numerous Institute of Retirement Funds Africa Best Practices Industry Awards. These awards are a testament to the fund’s compliance with all regulatory and other statutory requirements and above all, recognition for setting he benchmark of excellence in Local Government.
THE NFMW SUPPORTS THE SOUTH AFRICAN BARGAINING COUNCIL IN THE RETIREMENT FUND RATIONALISATION (FREEDOM OF ASSOCIATION) EXERCISE. The NFMW is in full support of members being given freedom of choice to belong to a retirement fund of their choice within Local Government. Given our commitment to governance, impactful investing with financially
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Municipal Focus
sound investment returns, care for our members and responsible leadership, value to our members is guaranteed.
We look forward to continuing to serve our members beyond the rationalisation of retirement funds exercise. .
With effect from 1 July 2022, the South African Local Government Bargaining Council (SALGBC) will be allowing employees of Local Government the freedom to belong to retirement funds of their choice. The NFMW is the Fund of Choice.
Not yet an NFMW-member? Scan the QR code to complete and submit your information online and we will do the rest to assist you in becoming a member of the Fund of Choice in Local Government.
Therefore, we urge all Local Government employees to join the NFMW to benefit from all we are doing for our current members, i.e., offering lower administration fees, more benefits, more towards retirement savings, keeping members informed, good governance, among other elements of our superior value proposition for our members and their beneficiaries. The NFMW will participate in the SALGBC accreditation process in order to extend its value proposition to new members.
