01 Monday Aug 2011
Posted in Letters to FNPF
Our dear Directors and Trustees, I fully support issues raised in Ross McDonald’s email below. In addition, I would like to add the following:
Ultra Vires the Law Cap 219 Section 12B (1)
(a) (i) This section states that any duty by the Board as trustees to be in the best interests of all beneficiaries of the Trust (including the 1209 pensioners whose pension rates the FNPF is about to reduce). The Board is neglecting in its duty as trustees to this class of pensioners and is breaking the law.
01 Monday Aug 2011
Posted in Letters to FNPF
This is a copy of Ross McDonald’s excellent email to Kogagoda of FNPF, it is well worth taking the time to read it all.
Dear Mr Kodagoda & Associates
Further to my earlier emails concerning FNPF pension reforms I refer you to the newspaper advertisement placed in the Fiji Times on 16 July 2011. This has inaccuracies and simply causes further confusion that leads to further questions being asked on just what FNPF is deciding with these reforms and is the very cause of undermining, misinterpreting and spreading of false information that you are so vigorously objecting to. These are just some points that need mentioning. There are many others that I will raise in later emails.
The good, the bad, the ugly and the sad
It is gratifying to read that 9,627 pensioners are not going to have their pension reduced. This is the good news. The bad news is there are 1,209 pensioners who are going to have their pensions reduced. And the ugly news is you won’t tell us 1209 pensioners what you intend to do, and the sad news is, you seemingly just don’t care.
01 Monday Aug 2011
Posted in Articles & Reports
Click on the PDF Link to read Seona’s amusing if pointedly poignant article from the Sunday Times of 25th July
Fiji Pensioners 