The FNPF has three principal benefits, which are regarded as the main pillars of the FNPF system. The three pillar benefits are Retirement, Permanent Incapacity, and Survivors benefit in case of death of a member. Further, there are supplementary benefits or schemes that compliment these pillar benefits. These are the Housing Scheme, Education Scheme, and Medical Assistance Scheme. In cases where members leave Fiji permanently they can withdraw their FNPF savings.
In the illustration below we attempt to give the member an overview of the benefits relative to their primary and secondary importance. The illustration of a house represents the financial structure and shelter a person is brought into when a worker becomes a member of the FNPF. It has foundations that give it stability and security. The foundation is represented by the four-way partnership of the employer, employee, the government, and the FNPF Board as the trustees of members savings.
From the foundation its three main pillars rise up as critical structures of the building that gives stability to the whole structure. These pillars are represented by the three pillar benefits of the FNPF system - Retirement, Incapacity, and Survivorship benefit. The steps and exterior of the building provides the personality and attribute of the structure are represented by the supplementary benefits shown on the steps of the house.
What does this illustration portray? It is meant to convey the fact that in this life-long journey that the member will take with FNPF, it is important that the member has a complete and thorough understanding of the fundamental purpose of the FNPF and not lose sight of it. That in the order of things, there are benefits that are weightier than others. If the member understands each of them and their intrinsic values and keep them in perspective, then ultimately, the FNPFs purpose and objective will live out its intended function of providing financial security in the members life.
If a member unwisely and repeatedly withdraws his savings for any one or more of the secondary benefits during his membership, without giving due consideration for the pillar benefits, then such depletion of funds will in turn affect his quality of life at retirement. So the message of the illustration is to value the weightier benefits that will ultimately provide a solid financial stability in your future.
In the illustration below we attempt to give the member an overview of the benefits relative to their primary and secondary importance. The illustration of a house represents the financial structure and shelter a person is brought into when a worker becomes a member of the FNPF. It has foundations that give it stability and security. The foundation is represented by the four-way partnership of the employer, employee, the government, and the FNPF Board as the trustees of members savings.
From the foundation its three main pillars rise up as critical structures of the building that gives stability to the whole structure. These pillars are represented by the three pillar benefits of the FNPF system - Retirement, Incapacity, and Survivorship benefit. The steps and exterior of the building provides the personality and attribute of the structure are represented by the supplementary benefits shown on the steps of the house.
What does this illustration portray? It is meant to convey the fact that in this life-long journey that the member will take with FNPF, it is important that the member has a complete and thorough understanding of the fundamental purpose of the FNPF and not lose sight of it. That in the order of things, there are benefits that are weightier than others. If the member understands each of them and their intrinsic values and keep them in perspective, then ultimately, the FNPFs purpose and objective will live out its intended function of providing financial security in the members life.
If a member unwisely and repeatedly withdraws his savings for any one or more of the secondary benefits during his membership, without giving due consideration for the pillar benefits, then such depletion of funds will in turn affect his quality of life at retirement. So the message of the illustration is to value the weightier benefits that will ultimately provide a solid financial stability in your future.