Attorney General Aiyaz Sayed-Khaiyum says from today, once the budget gets passed, Fijian workers in the hospitality sector who have lost their jobs or have reduced hours since 1st February 2020, can, for now, access an initial $1,000 from the FNPF if they have the funds in their account.
Sayed-Khaiyum says if they do not have that amount, the government will subsidise the difference.
All those employees affected by the nationwide physical distancing requirements, along with employees in the Lautoka confined area who have been placed on leave without pay or had their hours cut, will be able to access an initial $500 dollars from FNPF.
If they do not have enough funds the government will subsidise the amount.
Fijians in the informal sector who are confirmed to have contracted COVID-19 will be paid a one-off sum of $1,000.
Furthermore, for those affected in the informal sector in the lockdown areas, the government will also be providing a one-off relief payment of $150 for all those who have a street trader or hawker license.
The Minister says all FNPF employees contributions will reduce from 8% to 5%.
This will be from 1st April to 31st December 2020.
This is expected to put $80 million in the pockets of employees.
Employers’ FNPF contributions will reduce from 10% to 5% from 1st April to 31st December.
Sayed-Khaiyum says over the next nine months, this will keep $130 million in their accounts.
COVID-19 RESPONSE BUDGET ESTIMATE 2019-2020
http://www.parliament.gov.fj/wp-content/uploads/2020/03/COVID-19-RESPONSE-BUDGET-ESTIMATE-2019-2020.pdf
ECONOMIC AND FISCAL UPDATE SUPPLEMENT TO THE COVID-19 RESPONSE BUDGET ADDRESS
http://www.parliament.gov.fj/wp-content/uploads/2020/03/SUPPLEMENT-TO-THE-COVID-19-RESPONSE-BUDGET-ADDRESS.pdf
