Here for the Pensioners , or here for themselves ???
| INVESTMENT RETURNS CALCULATOR |
Pensioner |
FNPF |
||
| Principal Amount: |
$10,000.00 |
$10,000.00 |
||
| Annual Rate of Return: |
1.00% |
5.00% |
||
| Pension Amount Per Period: |
-$175.00 |
-$175.00 |
||
| Term of Pension (in Years): |
5 |
5 |
||
| Number of Payments Per Year: |
12 |
12 |
||
| Total Number of Periods (up to 360): |
60 |
60 |
||
| Total Interest Income: |
$250.16 |
$1,432.52 |
||
| Excess Paid by FNPF |
($249.84) |
|||
| Total Interest Received |
$500.00 |
|||
| Balance Gained by FNPF |
$932.52 |
|||
|
Pensioner |
FNPF |
|||
| Principal Amount: |
$10,000.00 |
$10,000.00 |
||
| Annual Rate of Return: |
2.00% |
5.00% |
||
| Pension Amount Per Period: |
-$100.00 |
-$100.00 |
||
| Term of Pension (in Years): |
10 |
10 |
||
| Number of Payments Per Year: |
12 |
12 |
||
| Total Number of Periods (up to 360): |
120 |
120 |
||
| Total Interest Income: |
$940.03 |
$2,941.87 |
||
| Excess Paid by FNPF |
($1,059.97) |
|||
| Total Interest Received |
$2,000.00 |
|||
| Balance Gained by FNPF |
$941.87 |
|||
|
Pensioner |
FNPF |
|||
| Principal Amount: |
$10,000.00 |
$10,000.00 |
||
| Annual Rate of Return: |
2.33% |
5.00% |
||
| Pension Amount Per Period: |
-$75.00 |
-$75.00 |
||
| Term of Pension (in Years): |
15 |
15 |
||
| Number of Payments Per Year: |
12 |
12 |
||
| Total Number of Periods (up to 360): |
180 |
180 |
||
| Total Interest Income: |
$1,537.58 |
$4,590.37 |
||
| Excess Paid by FNPF |
($1,962.42) |
|||
| Total Interest Received |
$3,500.00 |
|||
| Balance Gained by FNPF |
$1,090.37 |
|||
It is time for ALL members and Pensioners to call for the immediate resignation/dismissal of these individuals who are not putting pensioners interest first.It was never the intent of the FNPF that the fund should make profit from pensioners. Under CEO Aisake Taito this has changed, as the above figures clearly indicate, the fund is paying minimal rates to pensioners while skimming profits for themselves.
Fiji Pensioners 