The Mineworkers Provident Fund (MWPF)

The Mineworkers Provident Fund (MWPF) is the Fund of choice for workers within the mining industry. The Fund was established on 14 June 1989 and has around 110 681 members and assets of around R24.8 billion, making it one of the largest funds in the country. The Fund has two main sponsors, the National Union of Mineworkers South Africa (NUM) and the Chamber of Mines. The Fund’s mission is to provide superior service to members and their beneficiaries and to provide sustainable Retirement Fund Benefits to members. The Fund aims to achieve its vision and mission through practicing its values as follows:
√ Respect and dignity;
√ Empowerment.

  • RETIRING

    For most people retirement is a major event in their lives and while some people may dread the prospect we believe proper planning your retirement can be an anticipated event. The retirement process can be daunting and a fair amount of work is needed to process a retirement claim. Please start the process early to avoid any delays.
  • MWPF MEMBERSHIP

    According to the audited financial statements as at 31 December 2013, the membership of the Fund was 110 681. The Fund is mostly made up of members from category two to category eight, The bulk of the Mineworkers Provident Fund membership is made up of members belonging to the National Union of Mineworkers.
  • BENEFITS STATEMENT

    Each year members will receive a benefit statement telling them how much they have contributed, and what their withdrawal, death and disability and retirement benefits amount to at the date of the statement. Members must check their details carefully and refer any queries or errors to the Human Resources Department.

Who can join the Fund?

The Fund is open for membership to all workers in the Mining industry whose employers are participating employers in the Mineworkers Provident Fund. Workers of other members of the Chamber of Mines in South Africa and workers of other employers whose participation in the Fund has been approved by the Trustees, may also join. Joining members must be under the age of 60 for underground employees and 63 for surface employees.

  • MWPF ACHIEVEMENTS

    1) Gold Standard Award – Stakeholder Communication Strategy
    2) Merit Certificate – Use of Regional Structures in Educating Community and Workers
    3) Merit Certificate – Community and Beneficiary Inclusion in Communication



 

  • Resignation/Dismissal
    The benefit payable on retrenchment is identical to the benefit payable on dismissal or resignation. You may elect to take the benefit in cash or transfer the tax-free benefit either to an approved Provident Fund, Retirement Annuity and Preservation Provident Fund. Transfers to approved Pension Fund and Pension Preservation Fund will attract tax. Should you resign or be dismissed, you will have the option to receive a cash lump sum equal to your Fund Credit