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The Fiji National Provident Fund (FNPF) Tuesday paid out $3.2 million (US$1.4 million) to 14,734 members for Phase two of the COVID-19 withdrawal scheme.
Fund CEO Jaoji Koroi said: “We are grateful that employers have continued to work with us to ensure members’ are able to access their funds during these trying times.
“However, approximately 645 members missed the deadline for this first payment because their applications were still pending with their employers. If eligible, these members applications will be processed for the next schedule payment”.
Koroi said of the total 14,734 members who received their $220(US$110) relief payment Tuesday, 1251 members were receiving their second payment after being assisted on 05 June.
He said these members would be paid $15.9m (US$7.3 million) over a period of 10 weeks and would continue to receive their fortnightly payments until their total funds of $1100(US$550) are fully paid.
The fund stated that the maximum amount for this withdrawal phase is $1100, with $220 disbursed to the member’s bank account on a fortnightly basis, with the final payment on 18 August.
The next payment cycle will be processed on 07 July therefore, members applying for the first time must ensure FNPF receives their application before 03 July.
“We have almost 70,000 members registered on the myFNPF app who are potential users of our digital services, therefore it is imperative that the fund keep abreast with our member’s digital needs,” he said..
SOURCE: FIJI TIMES/PACNEWS
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