- June 20, 2019
- Posted by: fnpf_editor2
- Categories: Media Articles, News & Media
In an effort to enhance the coordination of sharing data, a Memorandum of Understanding (MOU) was signed today (20/06) between the Water Authority of Fiji (WAF) and the Fiji National Provident Fund (FNPF) at the FNPF Board Room in Suva.
The MOU was signed by WAF General Manager Customer Services and Acting General Manager Operations, Mr Sekove Uluinayau and FNPF Chief Executive Officer Mr Jaoji Koroi.
WAF General Manager Customer Services and Acting General Manager Operations, Mr Sekove Uluinayau said that the MOU is aimed at assisting WAF and FNPF in exchange of information, authenticating employment data and ease of process.
“This agreement will also serve as a form of compliance check for tender, procurement process, contracts, as well as the updating of employee details,” explained Mr Uluinayau.
Mr Uluinayau said that the MOU enables WAF to verify the data collected from its affiliates, preferred suppliers, principal suppliers, principal contractors and sub-contractors enlisted under the Authority’s ‘Data Collection System’ to the FNPF
“Under the MOU, WAF will provide FNPF with employment data captured from its Data Collection System and in turn the FNPF will assess the data and provide the validated employment data back to WAF on a quarterly basis or on a request basis for urgent matters,” said Mr Uluinayau.
FNPF Chief Executive Officer, Mr Jaoji Koroi said that the Memorandum indicates our willingness to collaborate and share information with key stakeholders for our mutual benefits.
“Compliance is a shared responsibility and we have forged similar partnerships with key stakeholders to help us acquire the data that will assist both parties in carrying out their respective corporate objectives, also ensuring that compliance to law is paramount,” said Mr Koroi.
“We are grateful to WAF and other organizations that have agreed to share information that will not only help us, but them as well.”
“Ultimately for the Fund, it is the social protection of our members that drives us to become involved in partnerships such as this,” Mr Koroi further stated.
Mr Uluinayau acknowledged the FNPF for their contribution and support.
The agreement comes into effect as of today (20/06).
The Fiji National Provident Fund is a defined contribution fund that provides superannuation services to its members. The operations of the Fund is guided by the FNPF Act 2011. FNPF is mandated by law to collect compulsory contributions from employees and employers towards the retirement savings of all workers in Fiji. The Fund also provides pre-retirement benefits such as housing, medical and education assistance. FNPF is a major investor in Fiji and one of the country’s largest property owners. The Fund also owns majority shares in Amalgamated Telecom Holdings Limited, Vodafone Fiji Limited, HFC BANK, and fully-owns the Natadola Bay Resort Limited (InterContinental Fiji Golf Resort & Spa), Holiday Inn Suva, Momi Bay Resort Pte Limited (Fiji Marriott Resort), Marriott Denarau Properties (Westin Fiji, Sheraton Fiji and Denarau Golf & Racquet Club) and the Grand Pacific Hotel.
The Water Authority of Fiji (WAF) is a Commercial Statutory Authority (CSA) established by the Fijian Government to provide efficient and effective water and wastewater services in an environmentally sound and sustainable manner. WAF is responsible for providing access to quality drinking water and waste water services to over 144,000 residential and non-residential metered customers residing largely in urban areas and also setting up water supply systems in rural schemes, reaching over 700,000 people nationwide.
WAF’s area of operation covers 18,274 square kilometers of the 332 islands in the Fiji archipelago of which only 110 islands are inhabited and our current water and wastewater network constitutes more than 4313 kilometers of pipes. The Authority provides approximately 116,342 mega liters of treated water annually to homes and businesses nationwide.
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