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Fiji Pensioners

Monthly Archives: November 2011

Ms Smith-Johns PSI ????

22 Tuesday Nov 2011

Posted by fijipensioners in Letters

≈ Leave a comment

Dear Ms Smith-Johns 

The following is a copy of an email dated  11 September 2011 that I forwarded to Mr Kodagoda the Chairman of the Fiji National Provident Fund.  I have not had any response to this email.  The contents of the email are self explanatory. 

Since forwarding this email I have seen news items about FNPF, FNPF advertisements, and letters to the editor about the proposed reforms and I have  spoken with the Fiji Times and they advise sometimes the censors let FNPF items through for publication and other times they will not permit them. 

I would be grateful if you could advise if, we the pensioners who are going to be disadvantaged by the proposed reforms, may have our views expressed in the media either through news items or paid advertisements, and if not,  why not. 

Thank you for your assistance. 

Yours sincerely 

RG McDonald
(Pensioner)

There has been no response from MS Smith-Johns
Continue reading →

When to Retire ??

19 Saturday Nov 2011

Posted by fijipensioners in Articles & Reports

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CHICAGO (Reuters) – When it comes to retirement, many middle class Americans said 80 is the new 65 and plan to delay retirement because of worries over money, according to a new survey.

Wells Fargo bank asked 1,500 Americans who earned between $25,000 and $99,999 and ranged in age from 20 into their 70s questions about retirement, savings and Social Security for its seventh annual retirement survey.

Three-fourths of those surveyed said they expect to work in their retirement years. One quarter said they will “need to work until at least age 80” to live comfortably in retirement.

Of Americans who will work in retirement, “47 percent said that they are going to continue in the same job or a similar job of similar responsibility,” Joe Ready, Well Fargo’s director of Institutional Retirement and Trust, told Reuters Insider.

“That raises a lot of social and economic implications. Will they have the physical ability to work, the mental capacity? What does that mean for the younger work force in terms of coming through and looking to get ahead?”

Three-fourths of Americans said it is more important to have a specific amount saved before retirement, regardless of age, while only 20 percent said it is more important to retire at a specific age regardless of savings.

In terms of saving for retirement, 53 percent of those surveyed said they need to significantly cut back on spending now to save for retirement.

“People are overwhelmed. They’re not saving enough,” Ready said.

On average, Americans have saved only seven percent of their desired retirement nest egg, with a median of $25,000 saved versus a median retirement goal of $350,000.

“For several years now, we’ve seen that Americans are undersaving for retirement and a majority do not trust the stock market as a place to invest for retirement,” Ready said.

“We did find a bright spot among middle class Americans – more than three quarters do not want to retire with mortgage debt. This is an important goal, particularly for younger Americans,” said Laurie Nordquist, director of Wells Fargo Institutional Retirement and Trust.

Eighty-six percent of respondents said it’s important to own their home debt free by retirement.

On the issue of Social Security there was an age divide. Those in their 60s expect Social Security to provide 46 percent of their retirement funding. But more than a quarter of Americans in their 20s and 30s expect no income at all from Social Security during their retirement.

Infrastructure Investment, Greece and Italy explained

18 Friday Nov 2011

Posted by fijipensioners in Daily Humour

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Some years ago a small rural town in Italy twinned with a similar town
in Greece..
The Mayor of the Greek first visited the Italian town. The Italian mayor
hosted him.
He was impressed not so much with the hospitality as with the mayor’s
mansion. That curiosity led him to ask how he managed to build such a
grand place.
The Italian said; “You see that bridge over there? The EU gave us a
grant to build a two-lane bridge. I thought about it then built a single
lane bridge with traffic lights at either end. The money saved helped
build this house”.
The following year the Italian returned the visit to the Greek town. He
was simply amazed at the Greek Mayor’s house. It looked like the
Parthenon. Corinthian columns, mosaic floors, marble staircases,
chandeliers, gold taps, the lot.
When he asked how this could be afforded the Greek pointed blankly
outside & said; “You see that bridge over there?”
The Italian replied; “No.”

Crossword Puzzles

14 Monday Nov 2011

Posted by fijipensioners in Health Hints

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For those of you who like solving crossword puzzles or wish to try, the following is a wonderful site which has a selection of new crossword puzzles daily for free.
Greybeard  They are an excellent exercise for your memory.

http://www.yourlifechoices.com.au/community/games/daily-crossword-puzzles

Lest We Forget

12 Saturday Nov 2011

Posted by fijipensioners in Letters

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Lest we Forget ?, How very sad, it seems a great many of us, including people who like to regard themselves as leading citizens of our Nation already have.

There was a time when almost every shop or certainly the leading retailers had a Poppy Appeal box for Remembrance Day, to remember all those who had fallen not only in the first World War but those who have given their lives in conflicts since. The monies raised goes to Armed Forces Charities throughout the world.

Here in Fiji particularly in the West, very few seem to care, included in the list of don’t cares were market leaders, Carpenters, Jacks, Tappoos, Motibhais and of course all the Supermarkets owned by Prasads, Patels etc.

I know this because I went to each of these companies in an attempt to make a donation and collect a small paper Poppy to signify I remembered and I cared.

Finally I went to Nadi International Airport because I thought major outlets there that cream profits from International travelers were bound to have a Poppy Appeal even though they did not personally profit from the exercise. Again disappointment, the staff at the leading store did not even know what Armistice or Remembrance Day was. Lest we Forget, what a joke.. But if their properties or lives were ever endangered, these would be the first people to scream for protection from the military, any military..

Finally I found a donation point at Airports Fiji Ltd Information Desk, their management which includes a Singaporean Chinese are to be congratulated, and I was later advised that Dulux offices had an appeal box, but sadly these are outnumbered by the greedy, self centered, self serving who simply no longer care, if they ever did..
RTR 

LEST WE FORGET

FEA INCREASED DEPOSITS

12 Saturday Nov 2011

Posted by fijipensioners in Unpublished Letters

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Sir
Mr Hasmuk Patels (Fiji Times 7/11) long winded reply to Deo Narian in justification of levying two months security deposits on the increases in charges levied by the FEA onexisting FEA users who do not have a history of default is in itself scandalous. I can understand that under the act new users may have to pay a security deposit of two months usage based on the current charges , but where in the Electricity Act does it state that the FEA should INCREASE security deposits on existing customers.

Also Hasmuk Patel is using smoke and mirrors regarding the use of deposits currently held, of course the FEA is refunding and receiving new deposits on a constant basis, but is not possible for this to equate to more than 20% of the total deposits at any one time. This means that FEA has 80% of the deposits held to use as cash flow for other areas of their operations. It would therefore be fair and just for the government ( who promised to be fair and just) to review the Electricity Act so that the FEA users had an annual interest of 5% credited to the monies held by the FEA as a security deposit, this in itself would negate the need for the FEA to make demands on existing customers for additional deposits. .

Perhaps the erstwhile Commerce Commission can find time to take a closer look at this matter.

Rick Rickman
Vuda

Confucius Said

08 Tuesday Nov 2011

Posted by fijipensioners in Quotations

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CIVILISED SOCIETY IS ONE THAT EDUCATES ITS YOUNG AND TAKES CARE OF ITS OLD.
Confucius

Now where does this leave the current Fiji Government and the FNPF ???

Obviously not as clever as Confucius and apparently, from their actions, not as civilised as a thinker who lived 2500 years ago.

FNPF Board Should Resign

08 Tuesday Nov 2011

Posted by fijipensioners in Letters

≈ Leave a comment

Dear Mr Kodagoda and associates 

Further to my earlier emails to which I have not received a reply, you may have seen media reports that I will be retiring on 31 March 2012 and so from that date I will be very dependant on my pension for income.  I will be a pensioner in the full sense of the word.

With no thanks to you gentlemen after some forty years of contributing and looking forward to retirement, it now seems  from your contradictory press reports that if the reforms go through, I will receive less than half of my existing pension to fund my retirement.  This sadly will cause considerable adjustment in the life style of my wife and I.

Whilst I only know two of you gentlemen personally I was just wondering what your broader list of friends and relatives who are existing pensioners must be thinking of you when they see it is you who are responsible for them receiving a lower pension, that will directly cause them hardship and grief as they struggle to survive on their reduced pension income.

I can  understand the difficult position you are placed in as you will know deep down that the suggested reforms are wrong.  The sensible way through and of course the honourable thing  for you all to do is to resign your positions.  This way you will clear your conscience and salvage your friendships and restore respect with relatives and the broader community.

I urge you to resign now. It is the honourable thing to do.

Yours sincerely,
RG McDonald

Where’s Grandpa..??

08 Tuesday Nov 2011

Posted by fijipensioners in Daily Humour

≈ Leave a comment

The computer swallowed grandpa.

Yes, honestly it’s true!

He pressed ‘control and ‘enter’

And disappeared from view.

It devoured him completely,

The thought just makes me squirm.

he must have caught a virus

Or been eaten by a worm.

I’ve searched through the recycle bin

And files of every kind;

I’ve even used the Internet,

But nothing did I find.

In  desperation, I asked Mr. Google

My searches to refine.

The reply from him was negative,

Not a thing was found ‘online.’

So, if inside your ‘Inbox,’

My Grandpa you should see,

Please ‘Copy, Scan’ and ‘Paste’ him

And send him back to me.

We don’t stop learning because we grow old;

We grow old because we stop learning..!

NEVER Be The First To Get Old!

This is a tribute to all the Grandmas and Grandpas. . . 

. . . who have been fearless and learned to use the 

Computer………!

They are the greatest!!!

 

Computer Problems of the Elderly

08 Tuesday Nov 2011

Posted by fijipensioners in Daily Humour

≈ Leave a comment

As we Silver Surfers know, sometimes we have trouble with our computers.

I had a problem yesterday, so I called Eric, the 11 year old next door, whose bedroom looks like Mission Control and asked him to come over.

Eric clicked a couple of buttons and solved the problem..

As he was walking away, I called after him, ‘So, what was wrong ? 
He replied, ‘It was an ID ten T error.’

I didn’t want to appear stupid, but nonetheless enquired,

‘An, ID ten T error ? What’s that? In case I need to fix it again.’

Eric grinned …. ‘Haven’t you ever heard of an ID ten T error before ?
‘No,’ I replied.

‘Write it down,’ he said, ‘and I think you’ll figure it out.’

So I wrote down:

ID10T

I used to like Eric, the little shit.

if you’re not a Senior yet then send this to someone who is.

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