Who is eligible to claim for the members funds?
- Persons who are nominated in the last valid nomination filed with the Fund are eligible to withdraw the deceased member’s contributions.
- Monies in the deceased member’s general and preserved accounts, plus any special death benefit if member is eligible will be paid out according to the shares allocated by the nominator.
- Where there is no valid nomination, monies in the deceased member’s account shall be paid to the High Court for distribution.
- Where the nominee (other than the spouse) is below the age of 18, then the monies will be paid to the High Court of Fiji.
- On the event of the death of a nominee, his/her share will be regarding as unallocated amount and it will be paid to the High Court of Fiji.
- If spouse is the sole nominee, then he/she will be eligible for Retirement product.
What documents do you need to submit with the NOMINEE CLAIM forms?
- The nominee(s) must return the claim form – FNPF FW02N duly completed.
- Nominee(s) birth certificate - full extract printed after year 2000.
- Nominee(s) latest bank statement for local bank deposit.
- For overseas bank deposit, detailed bank account information, certified copies of passport and visa.
- I.D of the nominee, that is, FNPF Joint ID card or, other valid ID cards such as driver’s license and passport.
Pension Options (available if spouse is the sole nominee)
- Life Pension regular monthly payment paid out to the pensioner until he/she dies. It can be a sole or joint pension and different rates are applied for each.
- Term Annuity allows a member to set all or set aside some of his/her balance in their FNPF account for a fixed term of 5, 10 or 15 years; different rates apply for each of the fixed terms.
- Lump Sum withdrawal allows member to withdraw some, or all, of their pension conversion amount as a lump sum.
- A combination of lump sum and/or life pension and/or term annuity.
Important to note:
- The Pension option submitted and accepted by FNPF shall be deemed to be the final decision of the member; thus, it’s important for the member to carefully consider his/her options and to choose wisely.
- Member cannot make changes to the pension options after the acceptance of the application form by FNPF. Again, the need to consider your options and choose wisely.
Method of Payment
- Shall be directly made to nominee’s nominated bank account.
- Any bank charges for the purchase of a bank draft or telegraphic transfer is deducted from the member’s withdrawal payment.