Dear Fiji Pensioners
The last thing the malicious muppet style management of FNPF wish to be is fair. What they do is make up new rules as they go along. Less than two weeks ago I was told that because my wife was more than 7 years younger than myself I would now get a joint pension of 12.1% of my original collateral sum, and when I die my wife would receive a pension relevant to her age at the time of my death. This seemed realistic based on the new pension rules.
Later when I went to the FNPF Namaka office with all the required documentation to sign for a joint pension, I was then told that due to my wife being more than seven years younger than myself my pension which under the new system had been reduced from 16.6% of my residual sum to 12.1% was now (due to my wife’s age) to be further reduced to 9.3% which equates to a 44% reduction of my current pension and is the equivalent of the new pension rate for a person who is ten years younger than me on a joint pension.
This was so obscene and unfair I sought an explanation and documentation detailing this new policy from FNPF Suva ( the Namaka FNPF staff said they had explicit instructions from Suva not to give any details in writing), I was later advised by Suva that my query had been referred to the FNPF Prime Division, who clearly are not primed for action since they have not yet responded, or perhaps it takes time to print a new amended set of rules and regulations to filch more from us of what is now a very meager pension.
As the FNPF advertisements state, time is running out, but they continue to create delays.
Everyone in the country should sign your petition to the Prime Minister, because everyone’s future is at stake here, even though a great many do not realise it.
R T Rickman
If any of our readers have similar problems please detail them under Comments at the top of this letter
La Passionara said:
This just goes to show how diabolical the FNPF and Government have become.
In the current joint pension my wife and I split our pension 76% and 24% respectively. In the meeting with FNPF I requested for a joint pension on our residual sum without any splits so that my wife would receive whatever I would be entitled for now.
I was told this was not possible. I am to receive 11.1% (a reduction of 45% ) and my wife 9% (a reduction of 69% ). She gets a TOP UP and I don’t. We are both of the same age.
I asked for an explanation as to why we cannot get 11.1% plus the Top Up on the residual sum as we wanted a joint life pension and that we are of the same age. The FNPF Staff said that he has been instructed that this was not possible because the split percentage option we opted for in the current system has to be carried forward and maintained in the new system
I fail to comprehend this. We have been told that we can either withdraw our residual sum or rejoin in the new system, but as you can see, there is no complete new system. FNPF still wants to maintain parts of the current system so that they can pay out a much less amount in new pensions.
We felt helpless and very disappointed!