National Provident Fund (30.06.2020) The implementation of the Solomon Islands National Provident Fund Exemption Order expired on 30 June 2020. As from 1st July 2020 no new applications will be accepted. Implemented since 1st April 2020, eligible members who qualified under the exemption order were able to access part of their contributions during the period; 1) as a result of them being temporary laid off, 2) made redundancies during the period, 3) are unemployed and living in the declared emergency zone, 4) and those above 50 years who would want to draw part of their contributions. At the beginning of the week, 19,668 members had applied for a total amount of $94.6M. 18,910 members had collected their payments either through cash or cheques or through their bank accounts worth more than $91.1M. 341 members are yet to collect their payments worth more than $1.3M. |
