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Pensioner Newsletter


Your quarterly news update – June 2017


Message from the CEO / Principal Officer Sam Camilleri

Welcome to the second issue of the Pensioner newsletter for 2017.

Your Fund In Your Pocket

In our March 2017 newsletter, Pensioners were informed of the soon to be launched NJMPF Mobile Application (App). The NJMPF is excited to announce that the App has been launched. Pensioners are invited to download the App which is available on the Google Play Store and Apple iStore. If you require assistance with downloading the Mobile App, call the NJMPF Client Services section on 031 279 5300 or 0861 065 673 or email

We are hoping the App becomes part of your everyday life. Some of the benefits of downloading and using the App include: –

  • NJMPF Pensioners will have direct access to their Fund information in the palm of their hands, anywhere and anytime,
  • Instant communication between the NJMPF and Pensioners will be achieved,
  • All the information available on the NJMPF webpage will be available on the App,
  • The navigation through the App is easy,
  • Regular updates on financial literacy education will be made available.
  • Don’t be left out – download the App today and stay connected to your Fund.

 Good news for Pensioners of the Retirement and Superannuation Funds

The Fund is pleased to advise all Pensioners that the Committee of Management (Trustees) have approved a full Consumer Price Index (CPI) increase of 6.84% with effect from the 1st of July 2017. A pro-rata increase will apply in respect of pensions that became payable during the year (1st of April 2016 to 31st of March 2017). No special bonus has been announced – Trustees will consider this closer to the end of the year.

International Industry Recognition

NJMPF is proud to have been recognised at the 2017 Capital Finance International ( awards programme in the following categories;

  • Best Corporate Governance
  • Best Pension Fund Stakeholder Benefits
  • Best Practice

These awards show that the NJMPF remains consistent to its vision of providing superior retirement services, revealing how the NJMPF is improving Member and Pensioner outcomes.




This section is for information purposes and does not constitute advice as defined in the Financial Advisory and Intermediary Services Act (FAIS).

What is Estate Planning?

Estate planning is a process of anticipating and arranging tasks that serve to manage an individual’s asset base in the event of their incapacitation or death, including the bequest of assets to heirs and the settlement of estate taxes. Most estate plans are set up with the help of an attorney experienced in estate planning or a Certified Financial Planner.

An estate is comprised of everything you own – your car, home, other real estate, cheque and savings accounts, investments, life insurance, furniture and personal possessions.

Some of the major estate planning tasks include:-

  • Creating a will,
  • Limiting estate duties by setting up trust accounts in the name of beneficiaries,
  • Establishing a guardian for living dependents,
  • Naming an executor of the estate to oversee the terms of the Will,
  • Creating or updating beneficiaries on plans such as life insurance policy,
  • Setting up funeral arrangements,
  • Establishing an annual donation to reduce the taxable estate,
  • Setting up a durable power of attorney (POA) to direct other assets and investments.

Estate planning is an ongoing process and should be started as soon as one has any measurable asset base. As life progresses and goals shift, the estate plan should move to be in line with new goals. Lack of adequate estate planning could cause undue financial burdens to loved ones, so at the very least a Will should be set up even if the taxable estate is not large.

We always encourage Pensioners to consult a Certified Financial Planner (CFP) before implementing any financial decision.


 “When you discover something that nourishes your soul and brings joy, care enough to make room for it in your life.” by Jean Shinoda Bolen


 “My memory is gone Mildred, so I changed my password to “incorrect.” That way when I log in with the wrong password, the computer will tell me “Your password is incorrect.”