OVERVIEW
The role of the employer contributes to the foundation upon which the FNPF system operates. This foundation is made up of four partners and includes the worker, the employer, the government and the FNPF as trustee. With the support of this four-way partnership, the FNPF system has become durable and has stood the test of time. The FNPF is now (2006) 40 years old and much of its success is owed in no small part to the role that employers play in caring for their employees' future financial security.
The role of the employer contributes to the foundation upon which the FNPF system operates. This foundation is made up of four partners and includes the worker, the employer, the government and the FNPF as trustee. With the support of this four-way partnership, the FNPF system has become durable and has stood the test of time. The FNPF is now (2006) 40 years old and much of its success is owed in no small part to the role that employers play in caring for their employees' future financial security.
Role of the EmployerThe role of the employer is in fact a caring one. The employer understands that his employee can look forward to the future knowing that his future financial security is being cared for.
Who is an employerAn employer can be any person, company, association, or body of persons, employing an employee. An employer is liable to pay FNPF contributions after hiring an employee for 1 or more days in a month. Every employer is required by law to register his company with the FNPF. Employers are also required to register their employees (if they are not already members) within one month of the commencement of employment.
Download: Employer Registration Form