NJMPF PENSIONER NEWSLETTER
Your quarterly news update – December 2018
Message from the CEO / Principal Officer Sam Camilleri
Welcome to the fourth issue of the Pensioner Newsletter for 2018.
The end of the year is near. 2018 has been an interesting year and this is the ideal time to recap.
The country has gone through some tough times on the political and economic front in 2018. Everyone is feeling the crunch with fuel price increases and the daily cost of living continually rising.
For the NJMPF and its pensioners, there is good news to report. The Fund received awards from seven organisations this year, in the areas of governance, investment, communication, financial literacy education and transformation. This fills our pensioners with confidence knowing that their Fund is well controlled, provides superior investment returns and substantial benefits.
Investment returns have been pleasing which has resulted in growth in portfolios and allowed a pensioner increase in line with inflation and a special year-end bonus.
INCREASES FOR PENSIONERS
In the July 2018 newsletter the Fund was pleased to advise that the Board of Trustees had approved a full Consumer Price Index (CPI) increase of 4.68% to Pensioners which took effect on 1 July 2018. A pro-rata increase was paid to Pensioners whose pensions commenced during the year 1 April 2017 to 31 March 2018. We are now pleased to announce that a special bonus of 50% of one month’s pension was awarded and has been paid with the November pensioner payment.
The NJMPF has been able to provide an inflation beating benefit where the pension increases well exceed inflation. If the market performs well, pensioners receive a bonus in November annually. . Special increases are awarded from time to time. The graph below shows the effect of the pension increases and lump sum payments over the past years versus inflation.
KNOW YOUR FUND
TAKE CONTROL OF YOUR FUND MATTERS
By registering onto the online pensioner portal via the Fund’s website, you get direct access to your Personal Profile.
AN ERA OF DIGITALISATION
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VISIT THE NJMPF WEBSITE
We make finding Fund information easy! Visit our website to find previous issues of your pensioner newsletters or general fund information relating to financial information.
PENSIONER INDABA ROADSHOWS
It is important for the NJMPF to reach out to its pensioners. Pensioner Indaba’s are opportunities for engagement and education. Thank you to all the Pensioners of Pietermaritzburg and surrounding areas for attending the Pensioner Indaba recently held in the region. The Indaba was beyond successful with over 1200 pensioners attending the event. The Fund is currently making arrangements to visit the other regions. To ensure you receive notifications about when the Fund will be in your area, pensioners are encouraged to update their contact details with the Fund; – postal, email and cell phone number.
FINANCIAL LITERACY – BE SAVVY WITH YOUR FINANCES
The world is evolving, and communication is becoming more digitalised. Online platforms allow for faster and more accurate interaction. Some of the platforms and products which have been built by the Fund, include; the mobile application, interactive webpage, customer relationship management system, social media platforms (Twitter and Facebook). Pensioners are encouraged to download the NJMPF mobile app, visit our interactive webpage and link to our social media platforms. The digital era awaits you as an NJMPF Pensioner. Be part of the movement, stay connected to your Fund by ensuring that the Fund has your correct contact details, by emailing them to email@example.com, fax: 031 266 6715 and post: P.O. Box 33, Westwood, 3633. Download the NJMPF Mobile Application (App) and have the Fund in the Palm of your Hand.
NJMPF RESEARCH STUDY
The NJMPF would like to thank those who participated in the Fund’s research study survey. As promised, the winner of the R1 000 voucher will be announced in the first quarter newsletter for 2019. We wish you a happy festive season and safe travels during the holidays.