THE Solomon Islands Chamber of Commerce and Industry (SICCI), on behalf of its members of the business community wishes to acknowledge and congratulate the Board, Management and staff of Solomon Islands National Provident Fund (SINPF) for its prudent management of members’ fund despite the difficult times faced due to the global pandemic.
SICCI, as the peak body representing private sector in the country and employer representative, made this statement after SINPF officially announced today (30/09/2021) a crediting rate of 6 % for members for the financial year ending 30 June 2021. A total interest of $168,612,861 will be credited to members’ accounts as from 30 September 2021.
“This year’s members’ rate is higher than the 3.7% paid out to member last year which come to show that SINPF Fund has been investing and managing our funds well despite the challenges posed by the pandemic,” the statement said.
“For many ordinary Solomon Islanders and especially those on low incomes, their contribution to the fund allows the accumulation of their balances that can make a material difference to their quality of life after dedicating their active lives to formal employment and actively contributing to the economy.
As an employer representative of the private sector SICCI acknowledges SINPF for today’s modest crediting rate for all members of the Fund.