Monday, December 4, 2023
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FNPF contribution rate reverted to 10%

Minister for Finance Professor Biman Prasad has confirmed the Fiji National Provident Fund (FNPF) rates will be revered to pre-COVID rate effective from 1 January 2024.

Professor Prasad in the 2023-2024 National Budget address in Parliament today said FNPF rate of 10 per cent by employer and 8 per cent employee contribution will return.

He added the reinstatement of the contribution rates will replenish member account savings and provide FNPF with additional funds for investment purposes.

Romeka Romena
Romeka Romena
Journalist | news@fijilive.com
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