The former chairman of the Fiji National Provident Fund (FNPF), Parmesh Chand, recently expressed regret over his previous decision to reduce pensions for fund members during his tenure from 2009 to 2010. In a letter published in The Fiji Times, he acknowledged that the FNPF’s proposal to lower certain pensions was met with considerable opposition from pensioners who believed the move breached trust and procedural agreements.
Chand noted that despite the pushback, the plans were eventually supported by the then-government and were implemented in 2012. This led to significant cuts in pensions, with many pensioners opting for lump sum payments, thus forfeiting regular pension support. He also mentioned Decree 51, enacted to limit pensioners’ ability to seek legal recourse regarding the cuts.
Recently, the Coalition Government has pledged to restore pensions to their original levels, marking a positive turn for affected pensioners. Chand stated, “I affirm that I now support the pensioners,” and expressed confidence that the current movement aimed at restoring pensions will thrive in this new democratic era. He concluded with an apology for his previous stance, emphasizing the need for accountability and sensitivity towards the concerns of pensioners.
This development reflects the ongoing efforts to address historical grievances and improve the welfare of pensioners in Fiji, fostering a sense of hope and positivity for those affected by the earlier pension cuts.
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