Plan Your Retirement
Plan Your Retirement

Retirement Planning

Retirement is inevitable. We will all retire one day but have you thought about your life after work?

For a happy and peaceful retirement, start planning now so that you are financially prepared. The earlier you start saving for your retirement the better it is for you.

Retirement Options

Life certainly does not end at 55 however if you have reached the age of 55, you can choose to exercise your eligibility to either withdraw your money and or take pension with us.

Here are some of the important details you need to check first

  • Make sure your birth details with us are correct.
  • Your current signature is the same signature we have on our records.
  • Check your contributions have all been paid to your employer.

The retirement options available are:

  1. Life Pension
  2. Term Annuity
  3. Lump Sum
  4. Combination of (1), (2) and (3)
#DocumentDescription
1Birth Certificate• Certified copy or Original
2Bank Statement• Under your name.
• Not more than a month old
• BSP number (Overseas members only)
• Swift Code (Overseas members only)
• Routing number (Overseas members only)
3FNPF Membership Card• To be given back to FNPF.
4Re-entry Form• Only if you choose to re-join FNPF later.
5Nomination Form• Only if you choose to re-join FNPF later.
6Secondary ID• Other valid IDs such as driver’s license and passport
copies.

Registration

To sign up for Life Pension and/or Term Annuity you need to complete the FW01 Retirement Application Form and submit it with the following documents:

#DocumentDescription
1Birth Certificate• Certified copy or Original
2Bank Statement• Under your name.
• Not more than a month old
• BSP number (Overseas members only)
• Swift Code (Overseas members only)
• Routing number (Overseas members only)
3FNPF Membership Card• To be given back to FNPF.
4Re-entry Form• Only if you choose to re-join FNPF later.
5Nomination Form• Only if you choose to re-join FNPF later.
6Secondary ID• Other valid IDs such as driver’s license and passport
copies.

When is my pension due?

Your first pension will be paid out on your entitlement date. After which, your pension will be paid out on the 14th or 30th of every month, depending on how close it is to your entitlement date. The date of entitlement is the date your pension option application is approved on paper.

Pension Certificate Renewal

  1. Can only be signed after the due date. This is an important requirement as it validates your status for further pension payment.
  2. Without the completed renewal certificate, FNPF will not release your pension payments. Therefore, it is important that the renewal certificates are forwarded to us when it is due. This will ensure continuity in pension payments.

NOTE
The Pension Renewal Certificate must NOT be certified BEFORE your due date, i.e. either on the 14th or 30th of the respective month. If you are unsure of your due date, please contact us directly at information@fnpf.com.fj

Who can certify Renewal Certificates?

The following individuals can certify your renewal certificate:

  • Justice of Peace
  • Commission of Oaths
  • District Officer
  • Minister of Religion
  • Bank Manager
  • Medical Practitioner
  • FNPF Officer authorised for this purpose by the Chief Executive

If I am employed beyond the age of 55 years, is my employer still legally liable to pay my FNPF contributions?

Yes, your FNPF contributions are paid until you cease compulsory employment.

What will happen to my savings if I do not withdraw them at age 55 years?

Your savings will remain in your account and will continue to attract the annual interest paid by the Fund. However, if you are over 55 years, and your account has been inactive (no withdrawals or contributions) for 10 consecutive years, the FNPF will transfer your funds to the Unclaimed Deposits Account (UDA). Your funds will remain in the UDA for 10 years during which time you can claim for these funds and have these paid to you. If it remains unclaimed after a further 10 years, then it is transferred to the Fund’s General Reserve, where these funds will NO longer be payable to the member.

The FNPF will advertise the names of members whose funds are in the UDA, before transferring them to the General Reserve.

Processing Time

  • Payment shall be made within 3 working days of receipt of a completed application.
  • Any correction to your FNPF account transactions before your withdrawal will take 14 working days.
  • Any correction to your personal details before your withdrawal will take 5 working days.