Deputy Prime Minister and Minister for Finance Professor Biman Prasad has clarified that Fijians can still take out their retirement funds from Fiji National Provident Fund at the age of 55.
He addressed the claims made in today’s Fiji Times article, which contradicted this information.
Professor Prasad says the recent amendment was only about readmission into the FNPF and people are now allowed to re-join the Fund twice after withdrawal, instead of just once as before.
He says the entitlement age continues to be 55 years, which has not increased as per the Fiji Times report.
The Deputy Prime Minister adds the withdrawal of funds at retirement at 55 years remains law.
