Fiji Time: 2:31 PM on Tuesday 7 July

Fiji Times Logo

/ Front page / News

Party's vow for retirees

Avinesh Gopal
Friday, July 04, 2014

THE status of people who have retired from work will be reviewed and compensation provided to them if the National Federation Party forms the next government.

NFP leader Professor Biman Prasad gave this assurance to a group of retirees and pensioners at a meeting organised by the party in Suva yesterday.

Mr Prasad said he would also offer an unconditional apology to the retirees for whatever inhumane things they may have faced over the past few years.

"I will also introduce legislation that will make it next to impossible to impose negative retrospective changes to pensions and retirement policy," he told those gathered at the meeting.

He also said the NFP would urgently review the operations of the Fiji National Provident Fund if it is in the next government.

Mr Prasad said the party would restructure the FNPF board with more workers and employer representatives and also review all the contractual agreements.

"The FNPF must evolve into a pension fund and not remain a retirement savings fund nor an additional pool of funds that continuously bails out the State.

"To this end, we will call a tripartite meeting within the first six months in government to agree to review all the benefits with a view to restoring some of the past benefits which have been removed.

"NFP had already announced an increase in the social pension scheme for all citizens aged 70 years and over to $50. The government, just on the eve of elections, announced that it will increase it to $50 from next year.

"We welcome this but we do question why it has taken so long to provide this necessary relief to the elders of our nation."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
JPY 59.223756.2237
GBP 0.30630.2983
EUR 0.43280.4208
CNY 2.99262.8926
NZD 0.72210.6891
AUD 0.64160.6166
USD 0.48080.4638

from

$0.00

Exchange Rate updated on 7th July 2015

Today's Most Read Stories

  1. Expat dies in accident
  2. 15s debut
  3. Nasi Dredre Ga: Story behind the song
  4. Team probes 'killer' trees
  5. Another gold medal
  6. Minister revokes Land Transport Authority board appointments
  7. Players fight for 15s team spots
  8. Land deal
  9. PM: No referendum
  10. University shelves new campus plans, increases leased space

Top Stories this Week

  1. Ratu Jope passes away Wednesday (01 Jul)
  2. 'Complicated' English Wednesday (01 Jul)
  3. New date Wednesday (01 Jul)
  4. 'Please do not give' Thursday (02 Jul)
  5. Lal remains in exile Thursday (02 Jul)
  6. 7s exodus Friday (03 Jul)
  7. Born to run, Naholo's sacrifice pays off Monday (06 Jul)
  8. Stay out Saturday (04 Jul)
  9. Gay marriages not a 'priority' Friday (03 Jul)
  10. Lucky escape Thursday (02 Jul)