Many happy workers in Fiji today, particularly Fiji National Provident Fund (FNPF) members who woke up to an impressive balance in their member accounts yesterday after the record interest payout at the weekend.
This newspaper sought reactions from some members after the 8 per cent interest was credited to their accounts Sunday.
Those interviewed shared similar sentiments of excitement and confidence in FNPF’s future ability to ensure sustainable returns for members.
“I was pleasantly surprised when I saw the interest payout. It somewhat assured me the investments by FNPF were bearing fruit, and we would be the ones enjoying this in the future, so long as investments are managed transparently,” a worker said.
“As much as I wanted it to be transferred to my bank account, I understand saving for retirement is a long-term commitment. I want a financially secure future and the best possible returns on my investments and from what I’ve witnessed over the years, I feel secure and know for a fact the future is bright,” a member said.
Another member said: “The decision has made me have more trust and confidence in the institution now that I know workers are getting better returns to our superannuation deductions. This acts as an incentive for full time employees to increase their deductions and non-members to join as volunteer members.”
Others saw this as a ‘recovery payment’ for the multiple withdrawals during COVID.
Newcomers to the job market Adrian, Sarah and Jack are grateful they also benefitted albeit small, but it reassured them of their future financial security.
A total of $561.5million was credited to 417,722 members’ accounts for the financial year ending June 30, 2024.
FNPF chief executive Viliame Vodonaivalu said they remained steadfast in their commitment to elevate the financial prosperity of members.
“Retirement savings is the main source of savings for our members, and we strive to provide them with the best returns that will ensure growth in their funds for the future,” Mr Vodonaivalu said.
