FNPF disburses payment to over 20,000 members amounting to $4.7 million

The Fiji National Provident Fund has disbursed its second fortnightly payment for Phase 2 of the COVID-19 Withdrawal Scheme today to 21,238 members amounting to $4.7 million of which $2.6 million was topped up by government.

Of these members, 5,318 are receiving their first installment of $220.

FNPF’s Chief Executive Officer, Jaoji Koroi says the number of applications received so far is lower than expected and this may be attributed to a few factors such as members returning to work, some may be in remote areas with no contact or some have found other means of income.

Approximately 650 members’ applications are still pending a decision where their employers have missed the deadline for Cycle 2.

Koroi says the Fund has a dedicated team that is following up on these applications and once approved, will be paid in the next payment cycle.

Koroi also confirms that banks will not deduct loan repayments from any FNPF payments for the COVID-19 Withdrawal Scheme.

The third payment cycle will be on 21st July and the deadline for new applications is 17th July.