ABOUT FUND

BACKGROUND

• Established in 1989

• FSB Registration Number: 12/8/23555/1

• SARS Approval Number: 18/20/4/26926

• Umbrella Provident Fund Administered by Old Mutual Corporate

• Managed by a Board of Trustees consisting of:

• 12 member elected by SACWU NPF Members

• 1 independent Trustee

• Independent Actuary & Consultant – Peter Theunissen

• Auditors – PWC

TOTAL MEMBERSHIP:

+/_4000 (four thousand) members

Fund assets:

Close to R1 billion million invested with different Asset Managers

Type of Fund:

Defined Contribution Provident Fund – On Retirement, you may take your benefit as a cash lump sum.

ELIGIBILITY:

• All permanent employees under 65 years (Normal retirement age)

• Employees don’t have to be a member of the union to join the fund.

RETIREMENT AGE:

• Normal Retirement age 65 years

• Early Retirement is from 55 years

• Late Retirement Age 70 years