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Employers Praise FNPF Workshop

The Fiji National Provident Fund’s Employers Superannuation Compliance Workshop ended successfully last week with employers imparted with new and important information relating to the Fund’s new compliance procedures. The objective
21 Oct 2014 11:16
Employers Praise FNPF Workshop
Eels players visit the village of teammate Maika Sivo while in Fiji. Picture by the Australian Kangaroos. Souce: Fox News/Supplied

The Fiji National Provident Fund’s Employers Superannuation Compliance Workshop ended successfully last week with employers imparted with new and important information relating to the Fund’s new compliance procedures.

The objective of the workshop was to educate employers on the new provisions and regulations related to the FNPF Decree 2011 which will now come into effect on November 1.

These include penalties and compulsory submissions of Contributions Schedules or Remittance Statements with contribution payments. The Fund will go through a transition period from October 28 to November 24 for the implementation of these new laws.

Close to 500 employers from the central eastern, western and northern divisions attended the workshop.

 

Discussions were centered on:

– Changes to the roles and responsibilities of employers as per the new FNPF laws

– Improvements on ways employers can submit their contribution schedules and payments

– Introduction to the Employer Portal to be used from November 25, 2014.

Fiji Forest Industries Limited representative, Sunil Deo said the workshop was an excellent opportunity for employers to discuss issues that would affect them once the new laws comes into place.

Colgate Palmolive (Fiji) Limited human resources manager, Caroline Narruhn said the workshop was an avenue for stakeholders to raise their concerns.

“I recommend that more sessions like this be held with employers for better understanding of the new processes,” she said.

FNPF also took the time to provide participants with an overview of FNPF’s performance and update on the fund’s investment performance.

FNPF chief executive Aisake Taito said the workshop was an opportunity for partnership and relationship building exercises with employers.

“The new provisions related to enforcement and compliance for employers are there to protect our members’ interests through the timely payment of contributions owed to them and also to ensure that these contributions are accurately posted to members’ accounts,” he said.

FNPF plans to organise similar workshops and workplace training for employers in the future.

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