The Fiji National Provident Fund’s renewal certificate cycle for pensioners, has been revised from four to six months.
This means that pensioners will only need to visit FNPF offices twice instead of three times a year,
to submit their signed renewal certificates to ensure continuity of pension payments.
FNPF Chief Executive Officer Jaoji Koroi said the changes have been made in direct response to requests made by pensioners at our annual member forums last year.
He says the four month cycle was a control mechanism put in place to ensure they minimize the financial losses – if any resulting from the death of a pensioner during the period.
However Koroi says many of the pensioners have told FNPF that they found the current four month cycle challenging because of their age.
The FNPF CEO adds that while shorter periods enabled better control, the new cycle will reduce the high count of renewal certificates that are dispatched.
Monthly pensions are only paid once the renewal certificates are received at FNPF offices.
The new pension renewal cycle is effective from August 13th.