Caption:Fiji National Provident Fund chief executive officer Aisake Taito . PHOTO JONA KONATACI.
The Fiji National Provident Fund today resumed full services to members and employers following the successful transition to its new systems and processes.FNPF Chief Executive Officer Aisake Taito thanked members for their understanding and patience during the transition period when limited services were provided.
?The transition period was necessary to facilitate the cutover to the new systems and processes, thus the reason limited services were provided. We would like to sincerely thank our members for their patience throughout this period,? Mr Taito said.
The resumption of services means the implementation of new business rules for both members and employers inclusive of new withdrawal policies, guidelines and penalties.
Members? accounts have been divided into two, General (30%) and Preserved (70%). The General account can be accessed for early or pre-retirement withdrawals whist the Preserved Account is reserved for retirement but for first time property owners, who can use part of these to
purchase their property.
?The new policies and guidelines will continue to strengthen and add value to retirement benefits
of all FNPF members,? he said.
?The revised policies will benefit members as it will boost their savings, allowing them to accumulate more retirement and members are financially secure after work-life,? Mr Taito said.
Members can access further information relating to all the Fund?s services including its new withdrawal guidelines and Forms on the Fund?s website www.myfnpf.com.fj
For more information email firstname.lastname@example.org