{"id":548,"date":"2021-12-13T02:03:18","date_gmt":"2021-12-13T02:03:18","guid":{"rendered":"http:\/\/box5635.temp.domains\/~talamuac\/?p=548"},"modified":"2022-01-11T10:41:57","modified_gmt":"2022-01-11T10:41:57","slug":"snpf-delays-10-member-and-employer-dues-to-july-2022","status":"publish","type":"post","link":"https:\/\/talamua.com\/?p=548","title":{"rendered":"SNPF delays 10% member and employer dues to July 2022"},"content":{"rendered":"<p><strong>APIA, SAMOA \u2013 13 DECEMBER 2021:\u00a0<\/strong>The Samoa National Provident Fund has delayed enforcing the 10% minimum member and employer contribution until 1 July 2022.<\/p>\n<p>Parliament passed the National Provident Fund Amendment Act 2019 increasing the minimum member and employer contribution and the increase to 10% was effective as of 1 July 2021.<\/p>\n<p>However, the Fund announced last night \u201cthat having considered the ongoing ramifications of the global COVID-19 pandemic on our national economy and the ability of certain businesses to make ends meet \u2013 The Fund has again decided not to enforce compliance to the 10% minimum member and employer contribution until 1 July 2022. This does not affect those who have already changed or are willing to change earlier to the 10% minimum.\u201d<\/p>\n<p>The Fund also said that \u201cthe increase of contributions ensures that members will have more funds available to them at retirement and even more so as the Fund plans to build on its record of paying out high yield dividends in the future.<\/p>\n<blockquote><p>\u201cIn addition, increased contributions mean all members have faster access to their entitlements and greater and more flexible options available for borrowing.&#8221;<\/p><\/blockquote>\n<p>\u201cThe Board and Management of SNPF pledge to invest these contributions in lucrative investments that maximise returns for all members whilst also ensuring a high level of immediate \u2018access to finance\u2019 for our people, stimulating economic activity and growth for Samoa.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APIA, SAMOA \u2013 13 DECEMBER 2021:\u00a0The Samoa National Provident Fund has delayed enforcing the 10% minimum member and employer contribution until 1 July 2022. Parliament passed the National Provident Fund Amendment Act 2019 increasing the minimum member and employer contribution and the increase to 10% was effective as of 1 July 2021. However, the Fund [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,177],"tags":[59],"class_list":["post-548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SNPF delays 10% member and employer dues to July 2022 - Talamua Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/talamua.com\/?p=548\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SNPF delays 10% member and employer dues to July 2022 - Talamua Online\" \/>\n<meta property=\"og:description\" content=\"APIA, SAMOA \u2013 13 DECEMBER 2021:\u00a0The Samoa National Provident Fund has delayed enforcing the 10% minimum member and employer contribution until 1 July 2022. Parliament passed the National Provident Fund Amendment Act 2019 increasing the minimum member and employer contribution and the increase to 10% was effective as of 1 July 2021. 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