Two more COVID-19 relief measures to open on Monday for FNPF members

Two more COVID-19 relief measures will open on Monday for members of the Fiji National Provident Fund.

They are for members who are working on reduced hours or wage rate and low balance account withdrawal for members between 50-54 years whose total balance is $10,000 or less and have not worked for the past 12 months or more.

FNPF CEO, Viliame Vodonaivalu says the Fund continues to explore ways to assist or provide relief to members.

He says the targeted relief that the Fund has provided since the pandemic started last year, are an extension of existing partial or early withdrawals allowed by law.

Vodonaivalu says they are aware that their working members continue to receive reduced wages due to the cutbacks that businesses have enforced to help them cope and these members will be able to access funds from their General Account to help them during the relief period.

Members who qualify for phase three will only access their General Account.

Members must have a minimum General Account balance of $563 in order to access between $528 and $1,848 depending on their reduced hours or wage rate arrangement.

This is a six-month relief for members who are still employed and payments will be done in two equal instalments.

The Low Balance Withdrawal is a full withdrawal for members with less than $10,000 and has been unemployed for 12 months from the date he or she submits an application and between the ages of 50 to 54 years.