Govt will spend $4 million to fund those FNPF members who have less than $35 in their general accounts - Singh

Govt will spend $4 million to fund those FNPF members who have less than $35 in their general accounts - Singh

By Dhanjay Deo
Wednesday 03/06/2020
Fiji National Provident Fund’s Chief Financial Officer Pravinesh Singh

Government will spend $4 million to fund those FNPF members for the five fortnights who have exhausted their general accounts or have less than $35 in their general accounts.

Under this category government will automatically deposit $220 in their bank accounts.

Fiji National Provident Fund’s Chief Financial Officer, Pravinesh Singh has confirmed this adding that there are around 8,000 members in this category and the assistance will be fully funded by government.

Singh there is another category where those FNPF members who have more than $35 in their general account and have lost jobs will need to make applications for assistance and depending on their eligibility, government will top up the amount.

The Fiji National Provident Fund has announced Phase two of the COVID-19 withdrawals and assistance.

Chief Executive Jaoji Koroi confirms this round of payouts is to assist people who have been laid off or terminated.

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