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Wednesday, August 13, 2008

Fiji National Provident Fund declares six per cent interest rate payout

The Fiji National Provident Fund has confirmed six per cent interest rate pay-out, amounting to F$131.12 million to its members for the financial year ending 30 June 2008. This will be credited to its 261,970 members’ accounts.

Furthermore FNPF Board also approved an increase in the Special Death Benefit (SDB) cover by F$500.00, from F$8,000.00 in 2007 to F$8,500.00 for 2008.

Correspondingly, the premium increases by F$5.00 from the previous F$30.00 to F$35.00.

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