sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
FIJI NEWS
June 29, 2012 12:00:00 AM
  Follow @ Twitter

The Fiji National Provident Fund (FNPF) Board will payout an estimated $135 million to its members for the last 12 months ending June, 2012. Photo: Kunal Keshneel.
The Fiji National Provident Fund (FNPF) Board will payout an estimated $135 million to its members for the last 12 months ending June, 2012. Photo: Kunal Keshneel.

The Fiji National Provident Fund (FNPF) Board will payout an estimated $135 million to its members for the last 12 months ending June, 2012

FNPF acting chief executive Jaoji Koroi said the payments will be credited to members’ accounts from tomorrow.

Koroi said various structural changes had to be made including the separation of the pension business, the adoption of the actuary-based pension rates, setting aside assets for the new solvency requirements and payment of over $126 million to those that have opted for lump sum.

“These changes bring FNPF in line with best international practices and provide the framework for ensuring future sustainability for its members."

The FNPF Board has also approved the Special Death Benefits cover to be retained at $8,500, with premium fixed at $35.

The premium will be deducted from members’ accounts on July 1, 2012.

FNPF chairman Ajith Kodagona thanked the government for its support.

Kodagona said the payments is for members only.

Fiji’s Prime Minister Commodore Voreqe Bainimarama said the results are a manifestation of the right decisions being made in the interest of all FNPF members.

“It is still imperative that FNPF and its members are always protected together with the integrity of the financial system in Fiji,” said Bainimarama.

He said he is looking forward to bigger and better results.

By Ropate Valemei
 


PREVIOUS STORY
25 awards for local artists
NEXT STORY
Jakarta welcomes Fiji’s road to democracy

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Should nightclub opening hours in main centres be reviewed?
 Yes
 No


Poll Results: Current | Previous

Should nightclub opening hours in main centres be reviewed?
Yes
 82%
No
 18%



More Polls
Press Esc to close this window
BUSINESS
Modern makeover for Holiday InnSuva’s Holiday Inn hotel undergoes significant renovation from today and is set to have a modern makeover by July 2016.
SPORTS
Sponsor congratulates Flying FijiansVodafone Fiji- the main sponsors of the Flying Fijians has congratulated the team after an emphatic 39-29 victory over Samoa in the final of Pacific Nations Cup in Swangard Stadium, Burnaby today.
WORLD
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
TECHNOLOGY
Online registration for foreign investorsFiji will soon launch online registration and approvals system for foreign investors.
ENTERTAINMENT
Keith Richards Crosseyed Heart out Sept 18Keith Richards will release his eagerly anticipated Crosseyed Heart, his third solo album and his first in over 20 years, September 18.
FIJI NEWS
There was no detainment: TikoitogaOutgoing Commander of the Republic of Fiji Military Forces (RFMF), Brigadier General Mosese Tikoitoga says there was no detainment and has dismissed claims made on social media that Attorney General, Aiyaz Sayed-Khaiyum was taken by the military.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON