The retirement age is now 60 but you can withdraw your superannuation savings when you turn 55, says Prime Minister Sitiveni Rabuka.
He said this in response to queries from the media in Suva yesterday.
People who were leaning towards retiring at 55 posted concerns on social media platforms after Government recently announced it had extended the retirement age to 60.
The PM said the decision to withdraw Fiji National Provident Fund savings at 55 or 60 was entirely up to each individual.
“Fifty-five is the FNPF age,” Mr Rabuka said.
“They can receive some of it or they can take it out at 55 — or if they want to leave it in until 60, they can do that.”
While addressing the Nadi Chamber of Commerce and Industry recently, Deputy Pm Viliame Gavoka said increasing the retirement age from 55 to 60 would help stem the “brain drain” of qualified and experienced Fijians for opportunities abroad.
