Hey any info on the Fiji National Provident fund.
I heard retirement benifits have just been reduced again to 15%. At one time was 25%. FNPF have also said they could be further reduced.
Also a rumor that previous governments under the command of Rambo, Jim and the Lauan Q have borrowed more than 2 billion of the 3 billion that FNPF owns. If this is true the present government cant even pay the intrest repayments on this loan let alone pay the money back. Maybe thats the reason for the 15%. FNPF used to say people are now living longer so they could no longer pay out 25% at retirement. I dont understand this as people dont live that long in Fiji due to the poor diet and poor health standards.
Does anyone know if we can get our money out if we are overseas?
Anyone have any inside info on the truth of what is happening at the FNPF. I know we get a statement each year saying they are doing very well but they could print anything and show it to us. Lets face it the same Fijian bros that have borrowed from the FNPF also stole from National Bank of Fiji untill nothing was left.