SUMMARY:National Budget Speech 2015
On 25 February 2015, Minister Nhlanhla Nene presented his maiden National Budget speech. This Budget speech was made in the context of slower economic growth and rising debt in South Africa.
The National Budget is an important reflection of Government’s decisions on which priorities they will focus on and how they seek to allocate resources systematically and fairly. Click here to download the Summary of the budget in PDF format.
RETIREMENT REFORM: UPDATE
Dear NFMW members
Various information documents have been made available and informations sessions conducted to members of the fund about the proposed retirement reform by Government. It was also pointed out that the proposed reform regarding annuitisation and preservation would not yet be applicable to municipal funds like the NFMW.
Welcome to The National Fund for Municipal Workers:
Why this Fund?
The National Fund for Municipal Workers is managed by a Board of Trustees consisting of 14 member representatives and 1 employer representative. The Fund is administrated by RFS Administrators (Pty) Ltd with two front offices to assist members with queries and problems. Our vision, Benchmark of Excellence, indicates that we endeavour to provide a correct and personalised service to each member of this Fund.