Different policies on how the issue relating to Fiji National Provident Fund pensions will be handled by the next government are now being discussed by some of the political parties.
Social Democratic Liberal Party Leader, Ro Teimumu Kepa has revealed to SODELPA supporters in a meeting that pensioners were allegedly targetted by the government and SODELPA will try to compensate the affected pensioners if SODELPA forms the next government.
However specific details have not been provided by her as she said compensation will be based on the budget they have.
The National Federation Party said one of the biggest pains that the current government inflicted on many civil servants is to retire them prematurely at 55 years.
NFP Leader Doctor Biman Prasad said many of these people had planned their working lives until a retirement age of 60.
NFP has announced that it will immediately extend the retirement age to 60 if it forms the next government.
Doctor Prasad also said that they will review the status of the retirees in the last five years with a view to providing them with appropriate compensation.
He also reveals that the NFP led government will urgently review the operations of the FNPF and review the pension contractual agreements that had been violated by the government.
The NFP Leader said FNPF must evolve into a pension fund and not remain a retirement savings fund.
Meanwhile Prime Minister Voreqe Bainimarama had said during the implementation of the FNPF Pension Reform that the step had to be taken to ensure that the Fund is sustainable in the future.
Bainimarama had said at the time that previously there were extremely generous payments being made to a handful of FNPF pensioner members.
Their pension rates were 25% or 15%.
This meant that after about four years, a pensioner on a 25% rate had exhausted his own contribution.
He said that this handsome amount paid to about 10,800 pensioners were being subsidised by the other 280,000 FNPF members.
Bainimarama stressed that this was unsustainable and unfair.
He said that far back and in the 1990s, a number of reports and studies revealed that the manner in which the FNPF operations were conducted would eventually mean the collapse of FNPF by about 2050.
Bainimarama said that unfortunately no preventative steps were taken.
Bainimarama recently said that prudent financial management and reforms by the FNPF board means that the retirement savings for all members is secure.
He said the proof of that is in the audited financial results for 2013 - a net surplus of $293 million.