Why us

In 1943 the Cape Joint Pension Fund was established to provide superior retirement benefits for local government employees. In 2016, the Fund transferred its last few defined benefit members across to its defined contribution structure and rebranded itself as the LA Retirement Fund. All new members join the Fund’s defined contribution structure.

With its large pool of pensioners, and solid governance practices, this reliable fund has a proud history of strong investment returns that has consistently outperformed its peers.

As a local government employee or councillor, the Fund recognises your right to choose your own risk benefits, at affordable rates. Many funds force you to choose your risk benefits from a list of predefined risk benefits which they call categories. With this approach you must choose a category that best matches your personal needs even if it means that you pay for benefits you don’t want. Like it or not, you end up subsidising the insured premium for other members. With us, you are in control as you choose only what you want, and the rest of your contribution is invested in your member savings account for retirement.

Just as all vehicle manufacturers are not the same, all funds are not the same. Even though many vehicles offer similar features the design and engineering of those features are not equal. The most important features in any vehicle are those pertaining to safety and the protection of the occupants of the vehicle. That is what you get when you join the LA Retirement Fund. You get a Fund where the Board of Trustees actively concerns itself with protecting the wealth it has generated for members. For most members, their retirement savings from their fund forms the bulk of their retirement provision.