$189.6m paid out
15 January, 2021, 3:30 am
Fiji National Provident Fund (FNPF) members have been urged to be mindful of the withdrawals they are accessing because it impacts their total retirement savings balance.
FNPF chief executive officer Jaoji Koroi said FNPF was a retirement savings fund and these early access or withdrawals were pre-retirement benefits which ultimately impact members’ total balance.
For COVID-19 withdrawals the fund has paid out $189.6million for phases 1 – 4, with the Government top-up totalling $80.2m.
Mr Koroi said the first payment for phase three round three was disbursed on Tuesday, however, payment for about 4000 members had been delayed and were processed yesterday.
“Our teams are doing their best to process these applications which have dropped due to the verification process.
“It’s very important that members provide correct information such as their bank account details or the correct phone numbers for M-PAiSA payment.
Failure to do so, leads to unnecessary delays and frustration.”
Meanwhile the fund paid out $2.49m to 1761 members through the Tropical Cyclone Yasa Relief that was activated in December.
Mr Koroi said they had received more than 4800 applications, adding that the remaining applications would be processed by tomorrow.