People no longer need to take bank statements to FNPF to access their funds - AG

Minister for Economy Aiyaz Sayed-Khaiyum confirms a number of exceptions have been made where people no longer need to take bank statements to FNPF to access their funds.

He says people will only need to highlight their bank account number and funds will then be deposited in their bank account.

Sayed-Khaiyum adds that the government has disbursed $5 million to FNPF as of last week and more funds will be disbursed this week.

This is coming out from the COVID-19 Response Budget.

Sayed-Khaiyum says those people who have lost their jobs can access funds from FNPF.

He adds that they are talking to FNPF to go ahead and directly list the names of the employers who should be passing on the benefits to the employees who have lost their jobs or now have reduced hours of work.

This is being done after some employers who are behind in paying FNPF contributions for their employees are not issuing letters for their employees, so that they can access their funds from FNPF.