FNPF contributions up by 9.8pc

Picture: FILE.

FIJI National Provident Funds contributions collected totaled $599.9 million compared with $546.2 million last year, an increase of 9.8 per cent.

The fund at its annual member forum in Labasa today revealed this was an outstanding achievement, averaging $49.9 million collected per month.

“Members funds grew from $4.9 million in 2017 to $5.5 billion this year,” the fund revealed.

“Total undistributed funds decreased from $12.0 million to $9.3 million, a record achievement and largely driven by the employers submitting their contribution schedule online.”

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