Everyone’s retirement story is unique — you may have to retire sooner than expected or continue working well past retirement age.

No matter what stage you’re at in your journey, FNPF is ready to help you build the retirement plan that’s right for you.

The FNPF has two pension products, apart from the Lump Sum option.


Life Pension

This is a regular monthly payment made to you, usually after retirement.  The Fund provides two types of life pension – single and joint.


Term Annuity

This is a regular monthly payment to you (the annuitant), usually after retirement, for a fixed term of either 5, 10 or 15 years.

Retirement Income Fund

Pensions and annuities are provided from the Retirement Income Fund (RIF), a separate fund within the FNPF, established to provide life pensions and term annuities. The amount set aside by a member for his pension is paid into the RIF, and the pension is paid out of the RIF.

The RIF is supported by the investment earnings on its assets, less expenses attributable to its management.

Solvency Requirement

A solvency reserve is held within the RIF to ensure that the Fund can meet pension payments in all reasonably foreseeable circumstances. The ability of RIF to meet pension payments is monitored by the Reserve Bank of Fiji (RBF). The RBF sets standards and obtains regular reports on the RIF from the FNPF. These reports include a Financial Condition Report signed off by the FNPF actuary.