- May 1, 2009
- Posted by: fnpf_editor2
- Categories: Media Articles, News & Media
The Fiji National Provident Fund Board today declared an interest rate pay-out of $128.94million to its members. FNPF Chairman Mr Peceli Vocea said this represented a 6.3 per cent interest to be credited to members’ accounts on 30 June 2007.
“We are overwhelmed with this declared interest rate and believe that it is a generous return to members’ funds considering the current state of the economy,” Mr Vocea said.
“The Fund has undergone major policy and leadership changes in the last six months and this positive return to members show a continued level of commitment from the Fund’s Board, Management and staff.”
The Board also approved an increase in the Special Death Benefit (SDB) from $7000 to $8000 with a corresponding increase in premiums from $25 to $30, effective from 1 July, 2007.
Mr Vocea assured members that the Board is committed to growing members’ savings and ensuring that it is protected for their security on retirement.
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