New Members

New Members

JOINING THE FUND

  • Members and employers need to adhere to the South African Local Government
  • Bargaining Council Salary and Wage Collective Agreement that all newly
    appointed employees with effect from 1 July 2015 may only join a
  • Defined Contribution Retirement Fund.
  • The agreement further stipulates that Employers will only contribute a maximum of 18%.
  • Members have the option to either contribute 7.5% or 9%.
  • All the cost for risk, professional and administration services is deducted from the employer contributions and the net amount is applied for retirement funding.

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