sex hikayeleri interior desing sikiž hikaye escort denizli porno hikaye
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
 

Sugar - Maroon 5


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 Fiji ratify the UN treaty against torture?
 Yes
 No


Poll Results: Current | Previous

Should Fiji ratify the UN treaty against torture?
Yes
 89%
No
 11%



More Polls
Press Esc to close this window
BUSINESS
Beware: RBF warns of dodgy investment firmFiji's Reserve Bank is advising people against investing with Ecovexco Investment Group, a company fronting to be an investment company promising huge returns for investors.
SPORTS
Nadi beats Ba, remains unbeatenNadi came from behind to beat Ba 2-1 at Govind Park tonight and remain unbeaten in the Rewa Galaxy Premier League.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone renovates airport shopVodafone Fiji has signed an agreement with Airports Fiji Limited which will allow for renovation of its airport shop at the arrival concourse in Nadi International Airport
ENTERTAINMENT
Best Coast’s new album titled California NightsBest Coast singer/songwriter/guitarist Bethany Cosentino and guitarist Bobb Bruno will release their third full-length album California Nights on May 1.
HEALTH/FITNESS
$5000 boost to assist diabetes awareness programVodafone Fiji ATH Foundation has stepped in with financial boost to assist the Lions Club in their Diabetes Awareness program.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS