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FNPF notes confusion in withdrawal qualifying conditions

ALISI VUCAGO
Friday, February 09, 2018

Update: 5:05PM THERE has been a misunderstanding by members of the Fiji National Provident Fund in regards to the qualifying conditions for the new withdrawal guidelines that came into effect on February 1 this year.

FNPF chief operating officer Jaoji Koroi said some members had not fully understood the rationale for those changes and had misinterpreted the requirements.

"While members have appreciated the changes, some have misinterpreted certain withdrawal conditions, which led to some confusion," Mr Koroi said in a statement issued today.

To qualify for small account withdrawal, members must be between 50 to 54 years of age, be unemployed for three years (from the date of application) and have a balance of $5000 or less.








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