Media Releases

FNPF logo 2

Media Releases

The Fund has disbursed its second fortnightly payment for Phase 2 of the COVID-19 Withdrawal scheme today to 21,238 members amounting to $4.7 million, of which $2.6 million was the Government top-up portion.

Of these members, 5,318 are receiving their first instalment of $220.

Chief Executive Officer Jaoji Koroi said the number of applications received so far is lower than expected.

Members of the Media,

Good afternoon and thank you for accepting our invitation to be here today, for this important announcement.

At the close of every financial year, it is a requirement of the FNPF Act that the Board makes a crediting rate for the financial year. This crediting rate can only be determined after the Fund Actuary confirms that the amount will not place undue stress on the solvency requirements of FNPF.

This is a very important safeguard that was built into the Act as part of the reforms in 2012. Therefore, as FNPF members this is a time to anticipate, as it is a way in which the Fund contributes to growing all positive member balances.

A total of 15,920 Fiji National Provident Fund members will receive their $220 relief payment today for Phase Two of the COVID-19 withdrawal scheme. Out of these, 1,283 members are receiving their second payment after being assisted on 5 June.

Altogether, these members will be paid $17.5 million over a period of 10 weeks. Today’s payments totaled $3.5 million, with $1.9 million subsidized by Government. These members will continue to receive their fortnightly payments until their total funds of $1,100 are fully paid.

The Fiji National Provident Fund is relying on the cooperation of members and employers for the timely processing of applications and payments for Phase Two of the COVID-19 withdrawal scheme.

With the first round of payments on 23 June, for members who are on leave without pay and those who are unemployed, the Fund is encouraging members and employers to submit applications through its digital platforms by Friday 19 June.

The second phase of the COVID-19 withdrawal scheme for members of the Fiji National Provident Fund now includes those who are on leave without pay.

Chief Executive Officer Jaoji Koroi said that while this phase was aimed at providing immediate relief for members who were genuinely unemployed, it has been extended to those who have been sent on leave without pay, due to the economic impact of the COVID-19 pandemic.

Corporate

Growing your funds

Thinking of how you can grow your funds.
find out more button
 

Growing your funds

Thinking of how you can grow your funds.
find out more button
 

FNPF myFund 

myFund is a value-adding service that basically allows our members to check their account balances and eligibilities on their mobile phones.
 

Contact Us

Whistleblower

With Accountability and Integrity being part of our corporate values, the Fund has in place a Whistle Blower Policy. Read More..

Our Partners

Vinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.x