Exchange Rates

Provident Fund Annuity

Provident Fund members receive a lump sum on retirement. Members may now consider the purchase of a Fund endorsed annuity.

This is a voluntary scheme.


Sanlam guarantees you a pension for life which will never decrease.

Other benefits include:

  • Inflation-linked pension increases, by at least 75% of CPI.
  • Spouse receives 60% of pension if member dies.
  • Lump sum benefit if member dies within 5 years.


The NJMPF has negotiated preferential pricing on your behalf, for an annuity with Sanlam.



  • Must be a member of the Provident Fund.
  • Must be over the age of 55


What Next?

  • The benefits and features of the fund annuity offered by Sanlam will be explained by the Fund at its regular road shows to members.
  • You will have access to brochures documenting this information, in case you are not able to attend the road shows.
  • This NJMPF endorsed annuity product is only available to members of the Provident Fund.
  • You may contact the NJMPF or Sanlam before retirement to request a quote showing what pension you can expect based on the amount you have saved, should you choose the fund annuity.
  • You may contact Sanlam on 021 916 3883 or should you have further enquiries.

You may contact Sanlam on 021 916 3883