FNPF employer employee contributions to be restored from 1st Jan 2024

FNPF BUdget-2023-2024

FNPF employer employee contributions to be restored from 1st Jan 2024

By Vijay Narayan

30/06/2023

The FNPF rates will be reverted to pre-COVID rates of 10 percent employer and 8 percent employee contribution, effective from 1st January 2024.

Deputy Prime Minister and Minister for Finance, Professor Biman Prasad says the reinstatement of the contribution rates will replenish member account savings and provide FNPF with additional funds for investment purposes.

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