Calculate pension amount upon retirement with following options:
Option 1 : Full Life Pension
Option 2: Full Joint Pension
Option 3: Part lump Sum, Part Life Pension
Option 4 - Part Lump Sum, Part Joint Pension
Option 5 - Part Lump Sum, Part Life, Part Joint Pension
Option 6 - Full Lump Sum Pension
Pensioners FAQ:
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What happens to those who withdraw from FNPF after migrating from Fiji, but would now rejoin?
Those who migrated can re-enter and also be entitled to a pension and full benefits.
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What happens to Voluntary members under the new Pension Plan?
If a voluntary member opts for a pension, the maximum amount of pension is restricted to $2400 a year. Any additional money paid into a voluntary members account will not go towards the member’s pension but it will be paid as lump sum.
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If a member dies while receiving a pension, what happens to the money?
A member who chooses a pension will be paid out on a year by year basis. So if a member receives a pension of $12000 a year, then it would be paid out in $1000 monthly payments. If a member dies six months from the time the member began the pension that means member would have been paid $6000. Under the rules of pension the remaining six months would be paid to the nominee and then pension will stop.
For those with a joint pension, the pension will be paid until the joint pensioner dies. The same applies to other option.
For those with a joint pension, the pension will be paid until the joint pensioner dies. The same applies to other option.
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Will contributions paid by employer above 16 cents a dollar affect my pension at retirement?
Any contributions paid in excess of the 16 cents will not be considered as pension and will be paid as lump sum.
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If I am employed beyond the age of 55 years, will my employer be still liable to pay my FNPF contribution?
Yes however your employer is not obliged to pay FNPF contributions when you reach 65 years. You can then continue to contribute but on a voluntary basis.
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What documents will you need to fill in order to apply for pension?
You need to fill in a FNPF 9OP pension option form.
For more information contact your Pension Officers