Vanuatu National Provident Fund

Last updated
Vanuatu National Provident Fund
Vanuatu National Provident Fund logo.png
Agency overview
Formed1986 (1986)
Jurisdiction Government of Vanuatu
MottoSevem Tudei, Enjoyem Tumoro
("Save today, enjoy tomorrow")
Agency executive
  • Parmod Achary, General Manager

The Vanuatu National Provident Fund (VNPF) is a compulsory pension scheme in Vanuatu. It was established in 1986 and commenced operation in 1987. [1] The General Manager is Parmod Achary. [2]

From 1992 to 1995 VNPF was involved in controversy due to its housing loan scheme. [1] In 2017 an inquiry found that it was "poorly managed and suffered from interference from a board unqualified and ill-suited to the task." [3]

References

  1. 1 2 Prasad, Biman C.; Kausimae, Paul (2012). Social Policies in Solomon Islands and Vanuatu. Commonwealth Secretariat. p. 53. ISBN   9781849290838 . Retrieved 17 October 2017.
  2. ↑ Roberts, Anita (9 September 2017). "New VNPF GM Appointed". Vanuatu Daily Post . Retrieved 17 October 2017.
  3. ↑ "Vanuatu opposition calls for independent action on VNPF report". Radio New Zealand. 22 August 2017. Retrieved 17 October 2017.
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