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Fidji
| Population totale (Mio): | 0.854 |
| PNB per capita (USD): | 4253 |
Old Age, Disability and Survivors
Regulatory Framework
First and current law: 1966 (Fiji National Provident Fund Act Cap. 219), with 1976, 1985, 2000, and 2005 amendments.
Type of program: Provident fund system.
Type of program: Provident fund system.
Coverage
Employed workers aged 15 to 55, except members of equivalent private plans approved by the Fiji National Provident Fund Board.
Voluntary coverage for self-employed persons, household workers, students, and informal-sector workers.
Voluntary coverage for self-employed persons, household workers, students, and informal-sector workers.
Source of funds
Insured person: 8% of earnings; F$35 is deducted annually from each eligible member's provident fund account to finance the death benefit.
Self-employed person: A minimum annual contribution of F$84 up to 30% of earnings; F$35 is deducted annually from each eligible member's provident fund account to finance the death benefit.
Employer: 8% to 30% of payroll for employees up to age 65.
Government: None.
Self-employed person: A minimum annual contribution of F$84 up to 30% of earnings; F$35 is deducted annually from each eligible member's provident fund account to finance the death benefit.
Employer: 8% to 30% of payroll for employees up to age 65.
Government: None.
Qualifying conditions
Old-age benefit: Age 55 with at least 10 years of contributions; at any age if leaving the country permanently.
Partial pension: Age 55 with less than 10 years of covered employment.
Disability benefit: Must have an incapacity for work in covered employment. The disabled fund member may elect to receive a lump sum or a monthly pension.
Medical certification is required. A medical board appointed by the Fiji National Provident Fund Board may request that the fund member undergo a medical examination.
Survivor benefit: Paid to a surviving spouse and other eligible survivors named by the fund member when the fund member dies prior to reaching the retirement age.
Death benefit: A lump sum is paid to survivors named by the deceased.
Partial pension: Age 55 with less than 10 years of covered employment.
Disability benefit: Must have an incapacity for work in covered employment. The disabled fund member may elect to receive a lump sum or a monthly pension.
Medical certification is required. A medical board appointed by the Fiji National Provident Fund Board may request that the fund member undergo a medical examination.
Survivor benefit: Paid to a surviving spouse and other eligible survivors named by the fund member when the fund member dies prior to reaching the retirement age.
Death benefit: A lump sum is paid to survivors named by the deceased.
Cash benefits for insured workers (except permanent disability)
Old-age benefit: Either a lump sum of total employee and employer contributions plus accumulated interest or a monthly pension based on an annuity factor of 15% (for a single person) of employee and employer contributions (additional voluntary contributions are paid as a lump sum) plus accumulated interest. A couple may elect to receive a combined monthly pension of 66% of the pension for a single person plus accumulated interest for as long as either spouse lives.
The maximum annual total contributions used to calculate the pension are 16% of earnings (up to F$2,400 a year for the voluntarily insured); additional contributions are used toward a lump-sum benefit.
For insured persons who opt for a monthly pension based on an annuity factor, the maximum annual employer and employee contributions used to calculate the pension are 16% of earnings (up to F$2,400 a year for the voluntarily insured or self-employed persons). Additional voluntary contributions are paid as a lump-sum benefit.
Partial pension: A percentage of the full pension is paid according to the number of years of covered employment below 10 years.
Drawdown payment: Workers who are members of the provident fund for at least 2 years and whose individual balance exceeds F$1,000 can withdraw up to 66.7% of the balance for housing costs. Workers can also make withdrawals up to 33% of the balance for education and medical care.
The maximum annual total contributions used to calculate the pension are 16% of earnings (up to F$2,400 a year for the voluntarily insured); additional contributions are used toward a lump-sum benefit.
For insured persons who opt for a monthly pension based on an annuity factor, the maximum annual employer and employee contributions used to calculate the pension are 16% of earnings (up to F$2,400 a year for the voluntarily insured or self-employed persons). Additional voluntary contributions are paid as a lump-sum benefit.
Partial pension: A percentage of the full pension is paid according to the number of years of covered employment below 10 years.
Drawdown payment: Workers who are members of the provident fund for at least 2 years and whose individual balance exceeds F$1,000 can withdraw up to 66.7% of the balance for housing costs. Workers can also make withdrawals up to 33% of the balance for education and medical care.
Permanent disability benefits for insured workers
Disability benefit: A lump sum of total employee and employer contributions plus accumulated interest or a monthly pension based on an annuity factor of 15% (for a single person) of employee and employer contributions (additional voluntary contributions are excluded) plus accumulated interest. A couple may elect to receive a combined monthly pension of 66% of the pension for a single person plus accumulated interest for as long as either spouse lives.
Survivors benefits for dependents
Survivor benefit: A lump sum of total employee and employer contributions plus accumulated interest is paid to named survivors. A spouse who is the only survivor can choose between a lump sum and a monthly pension based on an annuity factor of 15% of employee and employer contributions (additional voluntary contributions are excluded).
Death benefit: A lump sum of up to F$8,500 is paid.
Benefit adjustment: The death benefit is reviewed annually.
Death benefit: A lump sum of up to F$8,500 is paid.
Benefit adjustment: The death benefit is reviewed annually.
Administrative organization
Fiji National Provident Fund Board (http://www.fnpf.com.fj), appointed by the Minister of Finance, provides general supervision and enforces the law.
Fiji National Provident Fund Board
Private Mail Bag,
Suva Post Office,
FJ-Suva,
Fiji
Fiji National Provident Fund Board
Private Mail Bag,
Suva Post Office,
FJ-Suva,
Fiji
Réponse à la dernière enquête: 01 Juillet 2010
Dernière mise à jour AISS: 01 Juillet 2010
Taux de change: US$1.00 = 1.94 Fiji dollars (F$).