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
 

Red Dress


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!
   





Do you think enough is being done to address child sexual offences in Fiji?
 Yes
 No


Poll Results: Current | Previous

Do you think enough is being done to address child sexual offences in Fiji?
Yes
 0%
No
 100%



More Polls
Press Esc to close this window
BUSINESS
SPSE targets land owning unitsThe iTaukei Land Trust Board (TLTB) and South Pacific Stock Exchange (SPSE) today signed a three-year Memorandum of Understanding to attract landowners to participate and invest in Fiji’s stock market.
SPORTS
IOC Diplomas for Fiji 7s teamsFiji’s Men’s and Women’s Sevens Rugby teams have been presented with International Olympic Committee (IOC) Diplomas.
WORLD
Hayne appointed Global AmbassadorFormer NRL and NFL star Jarryd Hayne has been announced as a global ambassador for Fiji’s national carrier Fiji Airways.
TECHNOLOGY
Vodafone rolls out 4G+ mobile networkVodafone Fiji has rolled-out its new 4G LTE Advanced or 4G+ mobile network to its customers.
ENTERTAINMENT
Florence + The Machine to release songs from Final Fantasy XV gameThe Florence + The Machine has released a special collaboration recorded for the upcoming video game Final Fantasy XV.
FIJI NEWS
9 arrested in Lautoka drug raidNine people have been arrested in a drug raid in Tavakubu, Lautoka.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON