News COVID-19

$52.1 million paid out so far by FNPF and government for the COVID-19 Withdrawal Assistance

$52.1 million paid out so far by FNPF and government for the COVID-19 Withdrawal Assistance
FNPF Chief Executive Officer, Jaoji Koroi

A total of $52.1 million has been paid out so far by the Fiji National Provident Fund and the government through the COVID-19 Withdrawal Assistance.

FNPF Chief Executive Officer, Jaoji Koroi says $7 million has been paid by the government and $45.1 million has been paid by the Fund.

In a press conference this morning, Koroi says in the first phase, 90,487 applications were received and so far funds have been paid for 82,850 applications.

For TC Harold Withdrawal Assistance, $1.06 million has been paid so far to the affected FNPF members.

1,072 applications were received and 812 applications have been processed so far.

Koroi also revealed that members funds as at June 2019 was $5.91 billion.

He says $1.19 billion was in the general account and $4.72 billion in the preserved account.

In 2014, FNPF had $2.5 billion in the preserved account.

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