Join the CRF Virtual Trustee and Financial Wellness Event via our Facebook Page by going on to the CRF Facebook page. Make sure you are on the page at 10:00 on your preferred date of attending the meeting and watch us live.
The first 50 attendees on MS Teams and Facebook for each session will receive a complimentary CRF branded item.
We are fully equipped to proceed with the presentations during load shedding, we might just experience a dip in the change over to our alternative power supply, which might cause a minute or two delay in the commencing of the presentation.
If you need more information or further assistance, please don’t hesitate to contact us on 0861 CRFund (0861 273 863)
In the following video extracts from the CFA South Africa Society, our CRF Investment Consultant, Shainal Sukha, presents their approach to ‘Responsible Investing’ and uses the CRF’s journey as a case study. Prescribed assets and Regulation 28 are also briefly covered.
President Ramaphosa addressed the nation on Covid-19 on Sunday 15 March 2020. His speech confirmed that the World Health Organisation has declared the coronavirus outbreak as a global pandemic and that the Cabinet has decided on the certain drastic measures to minimise the spread.
One of the measures implemented is that we limit contact between groups of people. In light of this, the CRF has no alternative but to cancel the remainder of the planned Trustee Roadshow events until further notice.
In this publication we report back on activities for the year under review from 1 July 2018 to 30 June 2019. Please click here to access your latest Annual Report from the CRF.
Each article provides a summary of the year’s activities:
The
Chairman highlights the impressive growth in the Fund’s membership and
financial assets.
The
Financial Statements and Audit Committee Report confirms that the Fund is
in a sound financial condition.
The
Investment Review is a true reflection of the challenging economy, but on
the other hand highlights that the CRF was the top performing Fund for the
period under review!
With
changes in legislation, the Fund had a number of Rule Amendments which are
listed under Legal and Technical and we included a short summary of the
number and type of claims processed and paid out by the CRF.
Finally,
the Actuary of the Fund confirms that the Member Share account is 100.3 %
funded and the funding level of the Pensioner Account is 124.9%! This
affirms the sound financial condition of the Fund.
WHAT’S
HAPPENING RIGHT NOW
The
2020 Trustee roadshow kicks off on the 14th of February. The CRF team will conduct over 40 workshops nationally to
bring you feedback in person on the topics covered in this Annual Report. Remember, in the past the Fund
held one Annual General Meeting in Bellville where only a small number of
delegates from each municipality were nominated to attend the AGM. Please make
use of the opportunity to meet your CRF team and attend a workshop near you. You can contact our Member
Centre on 0861 273863 for more information.
Exciting
news! The CRF is
opening a new office in March. We are super thrilled to
share with you that the CRF is opening its first regional office in George on
the 6th of March 2020. Further details will be published on the
website and in our next member newsletter.
It’s time to review your risk benefit category and if you want to change, please submit your Change in category form to support@crfund.co.za before 30 April 2020. The risk benefit categories available in the CRF are covered in detail in our Member newsletters. To refresh your memory, please download the 2nd edition of the 2019 Member newsletter.
If you are
near retirement or planning to terminate your employment, please contact a CRF
Benefit Counsellor who will take you through the Annuity options available in the CRF.
Remember if you leave the Fund before retirement, you can defer your benefit
until you reach retirement age when you can choose to retire in the Fund.
The CRF
introduced the Aggressive
Growth Portfolio to members from 1 November 2019. Your latest newsletter explained the CRF investment
portfolios in detail.
Finally, if you need financial advice, remember you have free
access to Financial
Advisor from Portfolium to assist you with choosing the right
risk benefit category, investment portfolio for help with advice on how to plan
your retirement.
We are only mid-way through the first quarter of this year, but
we have definitely hit the ground running. We are looking forward to a very
exciting 2020 in the CRF!
Your CRF
Communication Team
Board of Trustees: Mr SA Mokweni (Chairman), MR JP Beukman, Cllr IR Iversen, Mr TA Loko, Cllr PJF Louw, Cllr C Meyer, MR AM Owen, MR ET Scott, MR WW van Gass, Mr JJ Wagner
Principal Officer: Mr Raymond Wentworth
Indemnity Statement: The Consolidated Retirement Fund for Local Government does not accept liability for any loss, damage or expense that may be incurred as a direct result or consequence of reliance upon the information in this document. If there is any conflict between the information in the document and the Actual Rules of the Fund, the Actual Rules of the Fund will prevail
Important change to the In-Fund Annuity Option: You no longer need a minimum of R1 million to invest in this option. Please contact the Fund to speak to a Retirement Benefit Counsellor for more information on all three annuity options available in the CRF, or if you are considering retirement.
Principal
Officer
The Board of Trustees appointed Mr Raymond Wentworth as Principal Officer of the CRF effective 1 November 2019. The appointment was approved by the FSCA.
Seasonal closure of CRF Member Centre
Our offices will close at 12 noon on the 24th of December, and reopen on 2nd January 2020.
We wish you all a happy and safe festive season
NEWDon’t fall for scams!
Scammers are on the prowl and are always looking for creative ways to get money from you.
Safeguard yourself by implementing the following rules:
Be alert! Always verify the facts! Who are you dealing with?
The CRF will never request you to make payments directly to a CRF employee.
If you receive communication, make sure it’s from our official communication channels: | support@crfund.co.za |
Your support team is here to assist! When in doubt let us know! Contact our client services team on 0861 273 863.
