Our Mission
To provide members with the best possible benefits with maximum returns on investments through excellent management of the financial contributions of municipalities and members.
To provide members with the best possible benefits with maximum returns on investments through excellent management of the financial contributions of municipalities and members.
Municipal Councillor’s welfare is at the centre of Municipal Councillors Pension Fund existence. It is for this purpose that MCPF was established to cater for Municipal Councillors in South Africa. A councillor is put at the centre of MCPF by taking up membership, contributing, leading the Fund as a Trustee and be a beneficiary of a robust investment.
The Municipal Councillors Pension Fund (MCPF) was established on 01 May 1988 in terms of the Pension Benefits for Councillors of Local Authorities Act No. 105 of 1987. The MCPF is a Defined Contribution (DC) Pension Fund, as defined in legislation, committed to effectively and efficiently providing benefits to members and beneficiaries.
Municipal Councillors Pension Fund (MCPF) Elected Board of Trustees
A new journey has begun, and the new board of trustees are here to ensure that the Fund’s liquidity, legitimacy and integrity are restored. A new board has been put in place where each province had elected its representative. The board of trustees had already started its work to put the Fund on a new growth path.
| Province | Elected Trustee |
| EASTERN CAPE | Cllr Sandile Sello |
| WESTERN CAPE | ALD Clive Richard Justus |
| MPUMALANGA | Cllr. Lesetja Jacob Dikgale |
| LIMPOPO | Cllr. Minah Bahula |
| FREESTATE | Cllr. JC Pretorius |
| NORTHERN CAPE | Cllr. Edwin Hantise |
| NORTHWEST | Cllr. Sheila Huma |
| GAUTENG | Cllr. Sipho Radebe |
| KZN | Cllr. Cheryl Sisoka |
| SALGA TRUSTEE ONE | Cllr. Florah Maboa-Boltman |
| SALGA TRUSTEE TWO | Mr. Lance Joel |
Contributions are made in accordance with the Remuneration of Public Office Bearers Act No.20 of 1998 and subsequent Government Notices that get issued in this regard from
time to time.
7.5%
| Contributions | |||||
| Member | = 13.75% or | 7.5% | |||
| Council | = 15.00% or | 7.5% | |||
| Total | = 28.75% or | 15% | |||
| Member’s share account (fund credit) is completetd as follows | |||||
| a. | Own contributions | 13.75% | 7.5% | ||
|
b. |
Portion of council’s contributions *Minus risk benefits and costs GLA -3.17% Operational Costs -2.75% Allocation to member |
15.00% -6%
22.75% |
7.5% -6% 9%
|
|
|
| c. | Plus interest and investment returns Total Fund Credit | 22.75% _ x.xx _ x.xx ====== |
|||
| All Benefits are taxable | |||||
