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25 March 2015

PRESS RELEASE – POSTPONEMENT OF REDUCTION TO 45%

SNPF Entrance

SNPF Entrance

Following the advice from the Fund that it proposed to lower the entitlement level from 50% of total contributions to 45% in the hopes of reducing member loans whilst increasing member’s savings for retirement, a lot of the feed-back received indicated that our members and the general public did not feel that sufficient time had been given to them to prepare for this change.
It has been taken into consideration that most members view their contributions as a source of income to supplement their wages, and in the short period of time given to them they have not been able to adequately prepare to address this reduction in their entitlement. In order to resolve this issue and minimise the inconvenience to its members, the Fund will not proceed to implement this change this year and instead it will be postponed until further notice. The Fund will continue to implement changes to achieve its long term objective to increase savings for members upon retirement and it hopes by giving members adequate time to put in place other means of meeting their day-today expenses, members will be better prepared when it does implement this change in the future.

Thank you,
Samoa National Provident Fund

TOLOPO LE SUIGA ILE 45%
O le fuafuaga a le Fa’aputugatupe ina ia fa’apa’ū le pasene mai le 50% ile 45% o le saofaga e agava’a ai le sui-faisaofaga mo nonogatupe, o le fa’amoemoega lava, ‘ina ia fa’aitiitia nonogatupe a sui-faisaofaga, ae fa’atuputupula’ia fa’aputugatupe e tua iai pe a malolo ritaea ma galuega. Peitai, e toatele le mamalu o sui-faisaofaga ua manatu, e le talafeagai le taimi ua fa’atino ai lea suiga ona o le utiuti o le taimi e tapena ai sui-faisaofaga. Ua manatu sui-faisaofaga e tatau ona lava se taimi e tapena ai mo lea suiga (fa’aitiitia o le aofai ole saofaga e agavaa ai e nono e tua) ona o le vaai a le toatele o sui, o a latou saofaga o se tasi o a latou alagatupe maua e fesoasoani i o latou totogi. E tusa ma nei mafuaaga ua manatu iai sui-faisaofaga, ma ua vaai foi le Fa’aputugatupe mo le foia o ni fa’afitauli e alia’e, ua tolopo ai le suiga sa fuafuaina, ma e lē fa’atinoina i lenei tausaga. O le a toe fa’ailoa aloa’ia le aso ma le taimi e fa’ataunu’uina ai lenei suiga. O le a fa’aauau pea ona fa’atino e le Fa’aputugatupe nei suiga ina ia taunuu ana fuafuaga alualu mamao ina ia fa’atuputupula’ia lea o saofaga a le mamalu o suifaisaofaga e tua iai i le taimi e malolo ritaea ai ma galuega. E talitonu o le toe tolopo ai o le suiga sa fuafua, o le a tele ai se taimi e nofo tapena ai suifaisaofaga e fuafua tatau ma fa’asoasoa, ina ia le toe iai se popole pe a o’o ona fa’ataunuuina lea suiga i le lumanai.

Ma le fa’aaloalo,
Fa’alapotopotoga o Fa’aputugatupe mo le Lumanai Manuia o Samoa

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