Fiji National Provident Fund (FNPF) will make a 8.75 percent interest payout to its members for the financial year ending 30 June 2025.
Minister for Finance Prof Biman Prasad made the announcement during the budget address in Parliament.
“This means that all FNPF members will receive a total interest payout of $700 million which will be added to their member account balances on this coming Monday, 30 June,” he said.
“This marks the highest interest rate payout in the past two decades and reaffirms that the Fund is being managed well with prudent investment strategies, strong governance, and commitment to securing the retirement savings of our people. We are strengthening the FNPF subcommittees including the recent appointment of a strong expert group of independent members in the investment committee”
Prof Prasad thanked the FNPF Board, its management, and the staff who have “made this achievement possible.”
“Their dedication and sound leadership continue to inspire confidence in FNPF.”
