Aisake Taito continues to keep saying FNPF members should not subsidise the pensions of other members who have retired. Totally ignoring the fact that people currently drawing pensions subsidised others in the past.
Does Aisake Taito ever ask himself who pays his salary and who will pay his civil service pension??..
IT IS OTHERS !, it is the taxpayers of Fiji, including pensioners and children who pay tax in the form of VAT on nearly everything they buy. It is these people who pay Aisake Taito his wages and who will be paying his civil service pension.
Is he really as stupid as he appears to be. Because if he is, Frank should either arrange for him to have a scholarship in logistics, or boot his useless arse out into the private sector. where he would surely starve.
Concerned Fijian said:
I understand and appreciate that there would be a lot of emotions running on this Pension topic, and consequently a lot of us may not be able to see this objectively.
However, I do appreciate the logic that the Pension Fund will or had run out of Funds given the way it operates which is to pay out more to Pensioners that to receive.
On retirement just over 12 years ago, my Pension payments to date seem to be approaching double of what I initially put in. My initial pension amount would be quite small (~60K) at a rate of 15%. I often wondered if this was sustainable and whether indeed there was something wrong.
It seems very wrong and unethical for my children (who are members) to be subsiding my pension payments and the pension payments for others at well.
This is very different from Tax payers paying the salary of the civil service. Tax is the way in which a nation survives and is ingrained into every single society. It is the right of any government to demand Tax from every single citizen. In contrast, it is NOT the right of Pensioners to demand subsidies from members.
FNPF is trying to make a right wrong. We should appreciate that and stop being so short-sighted and unreasonable.
I’m quite certain that if we all pick up our calculators, we will see that many of us have been paid well over what we had initially put in. FNPF has been generous to allow us to withdraw the full lump sum without deducting what it has paid to us in the past.
I’m hopeful that we will begin to see this Pension reforms objectively and see that we have been more than compensated for our initial investment.
Great job FNPF. I’m confident that my children and grandchildren will now have a future.
So who really pays? …..It’s our children and grand-children and the future of Fiji.
C G Singh said:
Mr/Mrs/Ms “Concerned” “FIJIAN”.
Obviously your bias in the matter has come thru. Be true to yourself. We pensioners are not abusing our own heritage or our children’s future, others are doing it now, and have done it for some time. Remember the National Bank fiasco, the creation of ATH, the Great Agricultural Scam, the PWD frauds, and many others, which are all part of our sad history now. No one in authority has taken responsibility and put it right. They have become as guilty as the perpertrators. Thats where the real problem with FNPF lies, not with Pensioners and Future Pensions. How many millions have been squantered by the Executives?
If you are really “CONCERNED”, that you are being paid something that you state you are not entitled to, then 12 years ago you should have taken the lump sum and disappeared. OR as you opted for full pension at 15%, then in 6 & 1/2 years, when you recovered your so called full FNPF savings, you should have given notice to FNPF that you now do not wish to receive any more pension, because that would be morally wrong. What about now? Have you opted to new plans and are still getting new pensions to which you yourself say you are not entitled to??
Are you realy CONCERNED ? Your whole article supports the entirely wrong view !!
Fiji Well Wisher.