FNPF to waive penalty for em­ploy­ers who use On­line Por­tal

Fiji Sun - - Business -

The Fiji Na­tional Prov­i­dent Fund has con­firmed that 534 em­ploy­ers are now suc­cess­fully util­is­ing the Em­ploy­ers On­line Por­tal to sub­mit their monthly con­tri­bu­tion sched­ules. And to en­cour­age more em­ploy­ers to use the por­tal, FNPF will waive penal­ties for all Em­ploy­ers who suc­cess­fully reg­is­ter and use this fa­cil­ity by June 14. Th­ese em­ploy­ers will also be is­sued Com­pli­ance let­ters valid for 12 months as an ex­tra in­cen­tive for com­ply­ing with the sub­mis­sion of their con­tri­bu­tions sched­ule and pay­ments through the on­line por­tal.

Fund chief op­er­at­ing of­fi­cer, Jaoji Koroi, said the use of em­ploy­ers por­tal is part of the Fund’s fu­ture. He said all em­ploy­ers need to con­vert to us­ing the por­tal as it is an ef­fec­tive and ef­fi­cient con­tri­bu­tion sub­mis­sion mode. “The por­tal em­pow­ers the em­ploy­ers by giv­ing them ac­cess to post em­ploy­ees con­tri­bu­tions af­ter ver­i­fy­ing the in­for­ma­tion on the con­tri­bu­tion sched­ule against our records, es­pe­cially in re­la­tion to mem­bers’ full names sourced from their birth cer­tifi­cates,” Mr Koroi said.

Birth reg­is­tra­tion records are crit­i­cal as it pro­vides in­for­ma­tion such as the ex­pected re­tire­ment dates of mem­bers. “FNPF has been con­duct­ing work­shops since last year and our teams have been vis­it­ing em­ploy­ers to as­sist them with sub­mis­sion on the por­tal,” he said. “It is a more stream­lined mode of op­er­a­tion and will en­able a more ef­fi­cient way to dis­trib­ute funds to mem­bers ac­counts. “Also due to the re­cent changes in the cred­it­ing of the FNPF in­ter­est to its mem­bers, timely dis­tri­bu­tion of mem­bers funds is vi­tal, in or­der to pay the cor­rect in­ter­est to mem­bers.

The por­tal

The On­line por­tal is the FNPF Em­ploy­ers on­line ser­vice that can be ac­cessed on FNPF web­site www.myfnpf.com.fj. Upon suc­cess­fully up­load­ing of the con­tri­bu­tion sched­ule form on­line, an in­voice is then gen­er­ated which em­ploy­ers are then re­quired to take for pay­ment to the bank or FNPF cashier. Mr Koroi said: “Suc­cess­ful use of the por­tal will qual­ify the em­ployer to be is­sued com­pli­ance let­ter & waiver of penal­ties, sub­ject to fully com­pli­ance of the FNPF De­cree. “The let­ter may be re­voked if there is a breach by the em­ployer dur­ing the 12 month pe­riod.”

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