There are certain irregularities in the FNPF Pension Scheme which need to be looked at during our review.
Those were the words of FNPF Chairman Parmesh Chand who is currently heading a review into the scheme for sustainable returns.
Chand said the review on the scheme was prompted after the World Bank and IMF highlighted irregularities in it.
Chand added a review which was done 10 years ago recommended a further reduction of the pension return or annuity rate from 15%, however this has not been done yet.
The review team will basically be looking at the rate or how much a person will get on a monthly basis after retirement.
Irregularities need to be looked at
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