Member Education
The Fund’s communications is centred on the members. The objective towards communications and education is to support, develop and skill our members and pensioners. The Fund is one of a few Pension funds in South Africa to link with the regulator Financial Services Board instead of Financial Sector Conduct Authority (FSCA) to educate and develop members about the importance of investing and saving. The Fund has also implemented ground breaking projects to promote better choices and understanding for members.
Information Booklet
One of the primary objectives for any retirement fund is to improve retirement outcomes for its members, pensioners and beneficiaries by proving quality retirement services in all retirement funding areas. 80 years ago, a journey to providing retirement services for local government employees in KwaZulu-Natal, began.
GOOD FINANCIAL HABITS
Personal financial planning helps you to manage your financial life by looking at the best ways to save, spend and invest your money to reach your goals.
HOW TO BUDGET
Remember to plan for things you cannot predict (unplanned or unexpected events), for example, doctors bills, funerals, school outings, etc. Put a line in your budget for ‘unexpected expenses’ and decide how much you will
save each month for these expenses.
Learn more about Life Insurance
Life insurance compensates you for life-changing events like retirement, disability, loss of life, injury and loss of income. It was previously referred to as long-term insurance. Examples of life insurance policies include health policies, life and disability cover.
Retirement Planning
At some point, your working career will come to an end and you will retire. How do you see yourself in retirement? Will you have enough money to cover your monthly expenses? Unfortunately, too many of us do not plan well enough for that day.
You can start planning for retirement at any time, but the earlier the better. Good planning will also help you make decisions now to achieve your ideal retirement later.
Smart money guide for tomorrow’s leaders
Are you between 15 and 29 years old? Do you know that close to 17 million people aged 15-60 were not in employment, education, or training (NEET) in the second half of 2020?
More than half of the approximately 17 million NEET persons referred to above are younger than 35 years.
By 2040 you will be running South Africa. You will be the adults leading our society. Are you ready for such a big responsibility and do you have the information available to you in preparation for that future?
Unclaimed Pension Benefits
Have you been retrenched, laid off or did you resign from your employer?
“Were you named as a beneficiary or were you dependent on a former member of a retirement fund who died before retirement?”
Did you receive your pension or provident fund benefits?
If not, you could be entitled to unclaimed benefits..
Understanding the importance of a Will
Over 70% of working South Africans do not have a will. Dying without a will, adds economic pressure and emotional stress as your family deals with your passing. This brochure provides guidelines regarding wills and the administration of deceased estates. This brochure does not supersede any applicable laws and should not be used as a legal reference.