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FNPF to waive penalties for portal users

 

Jun 01, 2016 05:17:15 PM

FNPF to waive penalties for portal users The Fiji National Provident Fund today announced that it will waive penalties for all employers who successfully register and use the Employers Online Portal by 14 June, 2016.

The Fund says this decision was made to encourage more employers to use their online service and a total of 534 employers are now successfully utilizing the portal to submit their monthly contribution schedules.

FNPF’s Chief Operating Officer Jaoji Koroi said the use of Employers Portal is part of the Fund’s future and all employers need to convert to using the portal as it is an effective and efficient contribution submission mode.

These employers will also be issued compliance letters valid for 12 months as an extra incentive for complying with the submission of their contributions schedule and payments through the online portal.

 “The portal empowers the employers by giving them access to post employees contributions after verifying the information on the contribution schedule against our records, especially in relation to members’ full names sourced from their birth certificates,” Mr Koroi said.

“Birth registration records are critical as it provides information such as the expected retirement dates of our members.”

“FNPF has been conducting workshops since last year and our teams have been visiting employers to assist them with submission on the portal. It is a more streamlined mode of operation & will enable a more efficient way to distribute fund to members’ accounts.”

Mr Koroi said due to the recent changes in the crediting of the FNPF interest to its members, timely distribution of members funds is vital, in order to pay the correct interest to members.

“Successful use of the portal will qualify the employer to be issued compliance letter & waiver of penalties, subject to fully compliance of the FNPF Decree. The letter may be revoked if there is a breach by the employer during the 12 month period.” Mr. Koroi added.

The Online portal is the FNPF employers’ online service that can be accessed on FNPF website www.myfnpf.com.fj.

Upon successfully uploading of the contribution schedule form online, an invoice is then generated which employers are then required to take for payment to the bank or FNPF cashier.

By Reginald Chandar

Rythm

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