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Qualifying Conditions for Retirement
 

SECURING YOUR FUTURE
(a) The member is 55 years of age according to FNPF records and his/her birth certificate.
(b) Member’s birth record details such as name, father’s name and date of birth as on application form must tally with the registration records held by the Fund and his/her birth certificate
(c) The member’s signature on the application form must tally with the signature on FNPF records.
(d)
Member must have same likeness as photo stored in the FNPF records when served at counter or member’s photo identification should match with the photo stored in the FNPF records.

Documents to be submitted with Application

(a) The member has to complete application form FNPF 9A .
(b) Original Birth Certificate or copy certified by a lawyer or Justice of Peace.
(c) FNPF Membership Card.
(d) In the absence of FNPF membership card, other valid ID cards such as drivers license and passport
.
(e)
Evidence from the member’s banker confirming the member’s account status (open) and the account number where payment will be made.
(f) Where member opts for joint pension, member’s original or certified copy of Marriage Certificate and original copy of Birth Certificate of spouse.
(g)
Where member opts for payment into overseas bank account, the member shall submit details of the overseas bank account number and branch address, BSB (Bank State Branch) number, swift code and routing number.
(h) Re-entry and nomination forms where member has opted to rejoin
(i) Detailed employment history showing name and address of employer and dates employed.


Eligibility

(a) Member will be entitled to apply for withdrawal of funds on or after the member’s 55th birth date as per member’s Birth Certificate.
(b) Withdrawal of all funds in his/her account.
(c) Eligible for pension if withdrawing for the first time or is a re-entrant after withdrawing on marriage or migration ground.
(d)   Member is eligible to re-join the Fund after first withdrawal on retirement.


Payment Options 

(a) Members who are eligible for a pension will be sent a Pension Option Form (9OP), detailing the available payment options.

Options 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 option form is not returned within 2 months of the date sent, it is deemed that the member has opted for a lump sum payment.
(d) Member cannot make changes to the pension options after the acceptance of 9OP form by the Fund.

Compulsory lump sum payment

(a)
Members who are not eligible for pensions will be paid a lump sum payment.
(b) Excess contribution is not pensionable and will be paid out as lump sum.
(c) Voluntary contributions above FJ$2,400 for every financial year of contribution is not pensionable and will be paid out as lump sum payment.
(d) Housing transfer repayments received by the Fund after member turns 50 years of age shall be paid out as lump sum payment.Members who are not eligible for pension will be paid a lump sum payment.

Method of Payment

(a) Payment shall 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. 


Application Form

Form FNPF 9A


Checklist for Full Withdrawal on Retirement