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About the Fund

We are responsible for three funds, namely; the Natal Joint Municipal Pension Fund (Superannuation),Natal Joint Municipal Pension Fund (Retirement), which are both defined benefit funds with guaranteed predictable benefits. The KwaZulu-Natal Joint Municipal Provident Fund is a defined contribution fund. In the Provident Fund, the Fund credit (retirement savings) depends on employer and employee contributions, interest on investments and returns by the Fund, where the member bears the investment risk. The three Funds provide pension benefits for municipal employees in the province of KwaZulu-Natal, gives members a choice of products, rate of contributions and the facility to transfer between the three Funds according to changing life circumstances.

About Us-Overview

Natal Joint Municipal Pension Fund (Superannuation)

The Superannuation Fund was established in 1942 as a defined benefit fund, and provides lump sum and monthly pension benefits upon the retirement or death of members, calculated on salary and service.

KwaZulu-Natal Joint Municipal Retirement Fund

The Retirement Fund was established in 1967 as a defined contribution fund and was subsequently converted into a defined benefit fund for the lower income members, in 1975. At which time the payment of lump sums and monthly pensions commenced upon the early retirement of members at age 55 to normal retirement at age 65, and to spouses upon the death of members, subject to the provisions of the Regulations, calculated on salary and service.

KwaZulu-Natal Joint Municipal Provident Fund

The Provident Fund was established in 1996 as a defined contribution fund, and provides lump sum benefits only, upon the retirement or death of members, based on total accruals in respect of contributions paid by both member and employer, plus profit and interest earned. For a detailed overview of the composition of benefits payable, contribution rates and related information, please refer to the section entitled Funds.


To provide superior retirement service and benefits to our members, beneficiaries and pensioners.


Our mission is to serve the best interests of the members by ensuring a high standard of retirement services to provide financial security. This mission is accomplished through the Funds responsibilities, which include pension administration; the collection, reconciliation and sound investment of contributions through prudent investment risk parameters.


At NJMPF we believe in:

  • Honesty and integrity.
  • Effectiveness and efficiency.
  • Transparency and accountability
  • Sustainability/Protect members’ vested rights
  • Stakeholder satisfaction