FNPF re­news cer­tifi­cate

The Miracle - - Fijian News - By: FILIPE NAIGULEVU

THE Fiji Na­tional Prov­i­dent Fund has re­vised its re­newal cer­tifi­cate cy­cle for pen­sion­ers from four to six months. Ac­cord­ing to FNPF, this means that pen­sion­ers will only need to visit FNPF of­fices twice in­stead of three times a year, to sub­mit their signed re­newal cer­tifi­cates to en­sure con­ti­nu­ity of pen­sion pay­ments. Mak­ing the an­nounce­ment yes­ter­day, FNPF chief ex­ec­u­tive of­fi­cer Jaoji Koroi said the changes were made in di­rect re­sponse to re­quests made by pen­sion­ers at the FNPF an­nual mem­ber fo­rums last year. “Pen­sion­ers have high­lighted the chal­lenges faced with meet­ing the quar­terly dead­lines to en­sure they re­ceive their pen­sion on time,” Mr Koroi said. “The four-month cy­cle was a con­trol mech­a­nism put in place to en­sure we min­imise the fi­nan­cial losses (if any) re­sult­ing from the death of a pen­sioner dur­ing the pe­riod. “Many of them have told us that they found the cur­rent four-month cy­cle chal­leng­ing be­cause of their age and so we de­cided to change the re­newal fre­quency.” Mr Koroi said while shorter pe­ri­ods en­abled bet­ter con­trol, the new cy­cle would re­duce the high count of re­newal cer­tifi­cates that were dis­patched. Monthly pen­sions are only paid once the re­newal cer­tifi­cates are re­ceived at FNPF of­fices. The new pen­sion re­newal cy­cle is effective from Au­gust 13.

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