Established on 1st July 1970
The Municipal Employees Pension Fund was established on 1st July 1970. The primary objective of this Fund is to service the retirement needs of the previously disadvantaged employees within local Government
Mission
To manage the financial contributions by Local Authorities and members in such a way that maximum returns on investments are obtained and to provide embers with the best possible benefits.
Management of the Fund
The Fund is an autonomous body managed by a Board of Trustees consisting of 10 democratically elected members and Councillors. This board is reconstituted annually at a conference attended by both employee and employer representatives from all Local Authorities associated with the Fund.
Benefits
The Municipal Employees Pension Fund offers a number of benefits to employers and employees. The Fund offers three categories of benefits with Member contribution of 7.5% of the member's pensionable remuneration and Council contribution of 15% to 22% of member's pensionable remuneration.
Retirement Benefits
Early retirement, normal retirement, plus 13th Cheque benefits.
Collateral Guarantees
Pension Backed Housing Loan available with maximum repayment period 20 years OR 64 years.
Resignation Benefit
Lump sum or resignation.
Ill Health Benefit
Benefits for less than 10 years service and more than 10 years service
Death Benefits
Benefits for spouse and/or minor children
Funeral Benefits
Member, spouse and children funeral benefits
LATEST NEWS AND UPDATES
MEPF successfully began processing Two-Pot withdrawals as of September 16
We are pleased to inform you that the Fund successfully began processing Two-Potwithdrawals as of September 16.
This follows the reconciliation and updating of August contributions for each member.
As we have received a high volume of withdrawal requests, please be assured that we are actively managing these processes. We greatly appreciate your understanding and patience as we strive to ensure the efficient operation of our payment system and to provide you with your payments in a timely manner.
Thank you for your continued support.
Letter to MEPF Members 2024/08/28
Dear Valued Members of the Municipal Employees Pension Fund,
This year, Akani Retirement Fund Administrators proudly celebrates 23 years of service in the financial sector. Over the past two decades, we have remained steadfast in our commitment to providing innovative and value-driven services to you, our members. We deeply appreciate the trust and loyalty you have placed in us and want to assure you that Akani RFA will continue to prioritize transparency, integrity, and excellence in everything we do.
In light of recent developments, we understand that many of you may have concerns regarding an article published by News24 on August 8, 2024, titled "Workers for Jam: How Workers' Fund Manager Scored R300m by Selling Property…to the Workers," written by Mr. Sikonathi Mantshantsha. The article contains several unfounded and malicious allegations that have understandably caused concern among our members, stakeholders, and the public.
At Akani, we believe that transparency is key to fostering trust. Therefore, we are writing this letter to provide clarity that will dispel any misconceptions and inform you of the steps we are taking to address
these allegations
Please Download the attachment to read the fully detailed letter.
Important Update: All you need to know when you lodge a funeral claim - 19 July 2024
All you Need to know When you lodge a funeral claim
URGENT NOTICE
MEPF IS NOT UNDER ADMINISTRATION IT IS FUNCTIONING PROPERLY UNDER A DULY ELECTED BOARD OF TRUSTEES
08 MAY 2024
Footprint
The Municipal Employees Pension Fund provides services to Local Authorities throughout South Africa, including Municipalities in Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Limpopo, Mpumalanga, Northern Cape and The North West.
117
Local Authorities
30 000+
Members
R26 billion +
Assets under management
54
Years in operation