The Fiji National Provident Fund pensioners who hand delivered a petition to the Prime Minister’s Office requesting for an independent inquiry into the pension cuts for the current pensioners, are still waiting for a reply from the Prime Minister.
One of the spokespersons for the pensioners, Pratap Singh said they are eagerly awaiting the response from the Prime Minister as FNPF has made the same comments after they handed in their petition last week.
Singh has also disputed the comments made by FNPF, saying the Fund should focus on honoring their binding contracts rather than attacking pensioners for receiving the agreed 25% or 15% annual pension rates.
FNPF said that of around 11,000 pensioners, only 420 people signed the petition, and only 100 of them are actually pensioners.
FNPF CEO, Aisake Taito said the reality is that FNPF is self-funded and to continue with the old pension arrangement would mean that current and future members would continue to fund future pensioners.
He said every time a member retires at 55 years and converts $20,000 to a pension, FNPF has to find a further $60,000 if the pension rate is 25%, and a further $20,000 if the pension rate is 15%.
FNPF said the vast majority of pensioners have accepted the new scheme and the current 278,000 members who have yet to retire will no longer be called upon to pay for the pensions.
Those receiving annual pensions at 25% or 15% will be receiving about 9% annually under the new scheme.
Story by: Vijay Narayan
FNPF pensioners await reply from PM
Related Stories
We are committed to holding elections – Siromi Turaga
Questions were raised during Dialogue Fiji’s Constitution review discussion on whether the government can delay the general elections and complete the Constitution review however Acting Attorney General Siromi Turaga
Fijian economy on track to grow for fourth consecutive year in 2025 by 3.4%
The Fijian economy is on track to grow for the fourth consecutive year in 2025 by 3.4 percent, following a 3.5 percent expansion in 2024. The growth forecast is revised up marginally from the 3.2 percent projected
Heavy Rain Alert for Eastern Viti Levu, Southern Bua, Cakaudrove, Taveuni and maritime areas
A heavy rain alert is now in force for the eastern half of Viti Levu (Navua–Suva–Nausori to Serua–Namosi to Tailevu–Naitasiri–Ra areas), southern Bua, Cakaudrove, Taveuni and nearby smaller islands, the Lau an
We need to dismantle criminal enterprises, hitting them where it hurts most - Speaker
Speaker of Parliament, Filimone Jitoko has highlighted during the opening of the Office of the Director of Public Prosecutions Conference that there is a need for prosecutors in the country to master the digital frontie
Fiji has learned from its past and we know that restricting media engagement or access is not the answer - Tabuya
At all times, the public interest in accessing information and the media’s role in scrutinising government must outweigh any unilateral power to silence or sideline a news outlet. In Fiji, we uphold the principle that
Wailea resident raises concerns about drug issues raised countless times with Police while COMPOL says official complaint must be lodged
Wailea Settlement Community leader, Inoke Utona says he has raised the issue of drug use and dealing in their area countless times with the authorities but there has still been no response from Police. However when