26th May 06:58 PM
Stop scoring cheap political points and have factual discussions - Sayed-Khaiyum
By Lena Reece
Monday 13/05/2019
[Photo: Fijian Government]

The Attorney General and Minister for Economy, Aiyaz Sayed-Khaiyum lashed out at the Opposition in parliament to stop scoring cheap political points and have factual discussions that can take our nation forward.

This is after SODELPA MP, Salote Radrodro said in Parliament that there is a lack of employment opportunities that has led to a very high number of FNPF members having less than $10,000 in their accounts.

While contributing to the debate on the Review Report on the FNFP Annual Report 2017 in Parliament, Radrodro said that government must work with FNPF to help find jobs for those people who have less than $10,000 in their funds.

SODELPA MP, Viliame Gavoka also touched on the appointment of FNPF Board members and questioned why there is no representative for the workers on the FNPF Board.

Gavoka also said that the current Chairman of FNPF Board, Ajith Kodagoda is a super man as he also holds the position of Chairman on various other boards such as Fiji Revenue and Customs Service, Biosecurity, ATH, Vodafone, and Fintel.

Sayed-Khaiyum highlighted that in the 1980's, 1990's and in 2000 there were various reports including from the World Bank and various other actuarial studies were done that showed that the rate of pension payouts at that point in time would have meant that the FNPF funds would be finished by about 2054.

Sayed-Khaiyum clarified that the FNPF Chairman, Ajith Kodagoda is not the only executive on the FNPF Board.

The Attorney General says that FNPF has credited over $1 billion in interest towards members as a result of its prudent investment decisions.

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