Request for proposal – MCPF Property Project Team

Request for proposal – MCPF Property Project Team

11.03.2016 | Categories: click here to download document >

The Municipal  Councilor’s  Pension Fund (MCPF) was established  on the 1st May 1988  in terms of the Pension Benefits for Local Authorities Act 105, 1987 as the only Fund to service the retirement needs of Municipal Councilors.

The Fund is associated with almost all 278 Municipalities and is an autonomous body managed by a Board of 13 Trustees consisting of nine (9) directly elected provincial member Trustees  (Councilors); two (2) appointed Trustees from the Employer Body (South African Local Government  Association) and two (2) independent Trustees.

Trustees of the MCPF perform their responsibilities  in terms of the Pension Funds Act No. 24 of  1956, the Income Tax Act No. 58 of 1962 and other applicable legislation. In line with  the Fund’s Investment  Policy Statement  (IPS) substantial  investments  have been made in Direct Property locally. This proposal is an integral part of the Fund’s programme towards the improvement and development of the pockets of land in the Direct Property Portfolio.

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