FNPF Pension Reform Saved The Fund
Pension reform was done to save the Fiji National Provident Fund from going broke, says Chief Operating Officer Pravinesh Singh.
Thursday 26 January 2023 | 15:30
Pension reform was done to save the Fiji National Provident Fund from going broke, says Chief Operating Officer Pravinesh Singh.
He was responding to members who expressed their disappointment about the 2012 reform.
About the reform:
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The reform took effect from March 1, 2012. There was a reduction in the pension rate from 15% down to 8.7%, a drop of 42% .
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