Johannesburg Municipal Pension Funds

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About

Fund Background
The Municipal Employees Pension Fund was established on 1 July 1970 in terms of the Pension Fund Act, No 24 of 1956, the Income Tax Act, No 58 of 1962 and other applicable legislation. 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 members with the best possible benefits.

Management of the Fund
The Municipal Employees Pension 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.