Over $1 million collected by FNPF during amnesty period

$1.1 million of outstanding employers Fiji National Provident Fund contributions have been collected during the amnesty period.

FNPF Chief Executive Officer Aisake Taito said FNPF has again extended its amnesty period to waive all surcharges for defaulting employers to the 31st of this month.

Taito said the extension follows requests from employers to allow them more time to settle outstanding payments for workers' contributions.

Taito said those whose accounts are not updated have missed out on an important 5.5% interest paid into their accounts on

June 30th.

He said employers who still fail to clear the contributions owed at the end of the amnesty  period, will face the penalties under Section 40 of the FNPF Decree 2011 which stipulates a surcharge of $100 per month that is outstanding per employee. 

This is in addition to contributions that are owed.

 

Story by: Sofaia Koroitanoa