NPF Celebrates Xmas With Building At Vaitele

Written by Samoalivenews
Saturday, 22 December 2007
The Samoa National Provident Fund has made it easier for its members by opening up a new building with all its services at Vaitele Industrial zone. The NPF opened its new $2.8 million two storey building at Vaitele on Friday morning this week with the keynote speech by the Prime Minister Hon Tuilaepa Sailele Malielegaoi The building will house NPF’s operations on the top floor while the bottom floor will be taken up by business tenants, among them the National Bank and Westpac Bank.The project also includes the construction of a storage facility behind it, which will soon house a number of important records and NPF documents.The growth of the Vaitele industrial zone has meant NPF’s presence in the area was necessary.The country’s biggest employer, Yazaki is just meters from the new complex. SNPF is a compulsory savings scheme for employees (members) established in 1972. It has been entrusted with “safekeeping of members’ contributions and to generate from the resources provided by these contributions the greatest achievable benefits for members and their dependents during retirement or in the event of earlier death or incapacitation.” Contributions to SNPF are made by employers on behalf of their employees. It is 10% of the employee’s gross salary (5% from the employee + 5% from the employer). The Fund underwent major restructuring in its first Corporate Plan Period 1998 – 2000 which resulted in the creation of four major departments: • Members Services • Investments • Finance • Corporate Services A significant achievement of the first plan was the increase of interest credited to members contributions balances from 7.5% to 8.0% at the end of 2000. The Fund launched its 2nd Corporate Plan 2001 – 2003 on Thursday, May 31st 2001 incorporating new challenges and shifting focus in the new millennium Comments (0) Subscribe to this comment's feed Write comment Name Email Title Comment
Last Updated ( Saturday, 22 December 2007 )

< Prev		Next >

[ Back ]

Polls

--ADVERTISEMENTS--

Google Satellite Map of Eveni Carruthers

--ADVERTISEMENTS--

"Where the natives buy and sell"

--ADVERTISEMENTS--

Latest Comments

Manu Samoa In Tough Pool For 2011 World Cup
all the way

Manu Samoa In Tough Pool For 2011 World Cup
samoa god blezz all of each one of you for playing for our country

Deadly Catch For Fisherman
The poor fisherman who minded his own business while trying to get home to his family is assaulted a...

Manu Samoa In Tough Pool For 2011 World Cup
Having the World cup in NZ is the closest we will get to having the world cup near Samoa. We need a ...

To Err Is Human! To Suffer From That Same Err Is A...
10 to 12 deaths first year of RHD----

Social Network

Join the Newsline Team on Bebo

www.bebo.com/newslineS

Become part of the Newsline Bebo Network

Get News via your Email

Subscribe to Samoa Live News Headlines by Email

Get the Latest News on your Blackberry or PDA

Subscribe in a reader

Sounds from Samoa

Listen to broadcasts from LiveSamoa.com
Courtesy of Plantation Feet, SBC(540am) and
Radio Polynesia(99.9 FM)

http://www.samoalive.com/sliveradio.asx

Live on Weekdays from 8am to 9am

Have your Say

We want your Opinion

LETTERS TO THE EDITOR
If you would like to submit a letter for possible
publication in the print edition of the Newsline,
please send an email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

We want your News

Submit News from your Area
If you would like to submit News for possible
publication in both the online and print version
of Newsline please feel free to email us
at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Become a News Blogger
Have a passion for writing? Interested in
writing articles for Newsline? Email us
at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
We are looking for Bloggers from
around the world to contribute to our site.