TWO-POT REPORT FEBRUARY 2025
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CELEBRATING 31 YEARS OF ESTABLISHMENT
Dear Valued Member,
The Municipal Workers’ Retirement Fund fondly celebrates its 31st year of establishment in June 2025. However, the first membership of the fund started trickling in at the beginning of 1995, which in essence means 30 years of active membership.
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Celebrating Our Members This Workers’ Day
Today, we honour the hardworking women and men who keep our municipalities running. For 30 years, the Municipal Workers Retirement Fund (MWRF) has proudly stood beside South Africa’s municipal workers — protecting your retirement savings and supporting your rights every step of the way. On this Workers’ Day, we salute your dedication, resilience, and commitment…
Municipal Troubles Appear Worse – Bloem Express 30 April 2025
“Municipal troubles appear worse Adv. Mothusi Lepheana, municipal manager of the Mafube Local Municipality…A visit to the trouble ridden Mafube Local Municipality by the Free State premier, Maqueen LetsohaMathae, on Wednesday, 23 April, came in the midst of a full-scale investigation, ordered by a judge of the Free State High Court”.
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Your 2-Pot Savings – What You Need to Know About Claims and Tax
Dear Valued Member, Please remember that if you claimed the first R30 000.00 from your 2-Pot savings, you will be entitled to a new savings pot starting from 1 September 2024. However, the new pot will no longer offer another R30 000.00 claim. You should also note that once you claim from your 2-pot after…
MWRF Celebrates Freedom Day with Our Members
We stand united in celebrating 31 years of freedom, democracy, and progress. In 30 years of existence, the Municipal Workers Retirement Fund (MWRF) has proudly supported and safeguarded the retirement savings of municipal workers across South Africa. At the MWRF, we honour the courage of those who fought for our rights and the resilience of…
MWRF Announces Unqualified Audit Opinion for Financial Year Ended 30 June 2023
The Municipal Workers Retirement Fund (MWRF) demonstrates a commitment to financial accountability and sound management practices. This is evidenced by the unqualified opinion issued by the independent auditors on 27th September 2024, following their audit of the Fund’s annual financial statements for the year ended 30 June 2023. The audit was conducted in accordance with International Standards on Auditing. The auditors, PKF VGA Incorporated, confirmed that the financial statements were prepared in accordance with the Regulatory Reporting Requirements for Retirement Funds in South Africa.
This unqualified opinion signifies that the financial statements present a fair and accurate representation of the Fund’s financial position and performance. Furthermore, the auditors drew on evidence obtained regarding information contained in the schedule that has been extracted from the Fund’s underlying accounting records that were the subject of their audit engagement on the annual financial statements. This thorough scrutiny of the Fund’s financial records provides stakeholders with confidence in the integrity and reliability of the reported financial information.
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Two-Pot System: Disbursement of Funds to MWRF Members
The Municipal Workers Retirement Fund (MWRF) is pleased to provide an update on the implementation of the two-pot system and the resulting disbursement of funds to its members. To date, R241 139 052.07, has been successfully paid out to members. This reflects the Fund’s operational capacity to execute the legislative frameworks governing pension fund disbursements.…
Business Times – 25 March 2025 – “Authorities Are Targeting Municipalities That Deduct Employee Contributions, but neglect To Pay Them To Retirement Funds”
“The financial services regulator, with help from the auditor-general (AG), is going after municipalities and their officials who deduct pension contributions from their employees but fail to pay them over to the relevant retirement fund”. Full article below.
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Frankfurt Herald – 14 March 2025 – “MWRF Wins Legal Battle, Protecting Members’ Savings”
“The Municipal Workers Retirement Fund (MWRF) has achieved significant legal victories against the Mafube Local Municipality, ensuring the protection and security of its members’ retirement savings over an extended period”.
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