SUNBIZ

Yaqona Farmer Signs Up With FNPF

Maciu Qica is an ordinary citizen who earns his living through yaqona farming. He had always been keen to sign up for Fiji National Provident Fund’s Voluntary Membership scheme but
19 Nov 2018 13:09
Yaqona Farmer Signs Up With FNPF
Farmer Maciu Qica with a staff member from the Fiji National Provident Fund.

Maciu Qica is an ordinary citizen who earns his living through yaqona farming.

He had always been keen to sign up for Fiji National Provident Fund’s Voluntary Membership scheme but was not confident enough to enquire about it because of language barriers.

But all that changed in June this year when he visited the UNDP Market for Change held in Suva and had a chat with FNPF’s Member Education and Advocacy (MEA) team.

Married with four children, he is 46-years-old and hails from the village of Natokalau, Yawe, Kadavu.

A keen follower of radio talkback shows, he was able to learn quite a bit from FNPF officials who were guests on these shows and was waiting for an opportunity to eventually sign up as a member.

That opportunity came up at the UNDP Market for Change, where Mr Qica was comfortable enough to find out more before filling in the necessary forms to join as a member.

Within a day, he had all his documents and was registered as a voluntary member and deposited $1,000 to open his FNPF account.

Mr Qica said he wanted his savings for his children’s education and after learning about the pension products, he indicated that he will definitely sign up for one of the pension products.

He knows that one day he will retire from farming and is already thinking about his retirement plan to support him in the village.

His target now is to retire with a joint pension of $1500 a month and believes this will be possible through the income he earns from his yaqona farm.

He is glad that he now has an FNPF account that will safeguard his future.

Mr Qica is anticipating a big harvest in December and says a large portion of the money he earns will be for his FNPF savings because he feels that he will get good returns with the competitive interest rate and tax free savings that FNPF offers. Motivated by the advice he was given, he said he will encourage other farmers in his village to properly manage their money and consider FNPF as an investment option.

He has invited the MEA team over to his village to conduct similar awareness and voluntary membership drives.

 

App interest grows

Meanwhile, members can now email and print their own FNPF annual statements nearing retirement age have low through the myFNPF App.

This new feature in the enhanced App effectively reduces the need for members to visit FNPF offices to pick up a copy of their annual or interim statement.

Since the updated version of the App went live in July, there have been an average of 200 registrations daily.

To date, more than 14,000 have downloaded, registered and are now actively using the app.

These members are able to
view their account details as well as track their contributions and make informed decisions regarding their retirement savings.

Fiji National Provident Fund

Feedback:  maraia.vula@fijisun.com.fj

 

 

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