January 27, 2012

FNPF funds yanked from flood assistance

As the country crawls out from the tragedy and domino effect of the recent floods, the pension fund guardians for the most common (and instant) financial access point of many pension fund owners, lock their coffers shut.

It is a complete about-turn from their 2009 "graciousness" (never mind that the money belongs to them anyway).

Contrary to the 2009 floods, the self-preservation stinginess of the pension fund is ludicrous given that those most affected are less in number and are probably worse off compared to the floods of two years ago.

No FNPF assistance for flood victims
Friday, January 27, 2012

The Fiji National Provident Fund will not be giving financial assistance to its members who were affected by the recent floods in the West.

FNPF media liaison officer Wainikiti Bogidrau confirmed this with FBC News.

This follows numerous enquires made to the FNPF offices in Nadi, Lautoka and Ba seeking help.

Bogidrau says the fund will only give financial assistance to Health, Education, and Housing.

In 2009, members were allowed to take $1,000 from their account to assist them rehabilitate after Fiji-wide floods.

However this year, as the flooding does not affect the whole of Fiji and as FNPF has revised its policies, there'll be no financial assistance to members who have suffered losses in the flooding.

Report by: Maca Lutunauga

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