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Qualifying conditions for full Withdrawal on Incapacity

SECURING YOUR FUTURE
  • Member must be physically or mentally incapacitated from ever engaging in further employment.
  • The certification must be made by a medical practitioner approved by the FNPF Board and registered under part II of the Medical Practitioner’s Act
Documents to Be Submitted with Application
  1. The member has to complte FNPF form FNPF 9C Form.
  2. The medical practitioner completes FNPF10 Form.
  3. Acceptance of resignation or termination of employment letter on medical grounds from last employer (if employed in the last 6 months) signed by the employer and on employer letterhead.
  4. Membership card.
  5. Original or Certified copy of birth certificate.
  6. Certified copy of member's recent photo ID.
  7. Where member opts for Joint pension, member's original or certified marriage certificate and spouse original or certified birth certificate.
  8. Evidence from the member's banker confirming the member's account status (open) and the account number where payment will be made.
  9. Where opts for payment into overseas bank accounts, the member shall submit details of overseas bank account number and branch address. BSB number, swift code and routing number.
  10. A detaioled medical report report on medical institute's official letterhead, stamped and signed by the medical practitioner registered under Part 11 of Medical Practitioners Act.
  11. Where a member is not mentally capable of making decisions, a report  from the committee appointed under Medical Treatment Act certifying the mental condition of the member.
Eligibility
  1. Member will be eligible to apply for withdrawal after the date of termination of employment or when a registered medical practitioner certifies that the member is physically or mentally unfit from engaging in any further employment.
  2. Full withdrawal of balance in account.
  3. Eligible for pension if withdrawing for the first time or if a re-entrant after withdrawing on marriage or migration grounds.
Payment Option

(a). Members who are eligible for a pension will be sent a Pension Option Form (9OP), detailing the available payment options which are as follows:
  • Full lump sum
  • Life pension
  • Joint pension
  • Part life pension and part joint pension
  • Part lump sum and part life pension
  • Part lump sum and part joint pension
  • Part lump sum and part life and part joint pension
(b). Pension option form submitted and accepted by the Fund shall be deemed to be the final decision of the member.
(c). Where a pension obtion

Compulsory lump sum payment

(a) Members who are not eligible for pension will be paid a lump sum payment.
(b) Excess contribution is not pensionable and will be paid out as lump sum payment.
(c) Voluntary contributions above $2,400 for every financial year of contribution is not pensionable and will be paid out as lump sum payment.

Method of Payment

(a) Payment will be made direct to member’s bank account.
(b) Any bank charges for the purchase of a bank draft or telegraphic transfer is deducted from the member’s withdrawal payment.