May 8, 2011 Leave a comment
Wadan Narsey of USP has predicted that the Government is about to make big cuts to the FNPF pensions scheme. At the moment savings of $10,000 will give you a monthly pension of $125. With changes Prof Narsey is predicting happen, your pension will be cut to $75. This will make life much harder for people who had been counting on an FNPF pension to live on when they retire
Prof Narsey’s paper can be found on Coup Four and half Blogsite or Intelligentsia blogsite.