25 Nov 2014

Fiji's pension fund to get increased contributions

5:06 pm on 25 November 2014

Employers in Fiji have been told they will have to increase their contributions to the country's pension fund.

The 2015 budget announcement includes a two-percent compulsory increase from employers to the Fiji National Provident Fund from 8% to 10%.

The fund's Chairman, Ajith Kodagoda, told Fiji Broadcasting at this stage, only the employers' contribution has been increased.

Workers will continue to pay 8%.

The FNPF is to resume its full services today, after spending the last month updating its ICT system.

This includes housing and unemployment assistance and access to retirement funds.