THE Board of the Solomon Islands National Provident Fund (SINPF) is believed to have knocked back plans to assist out-of-work Members to withdraw part of their savings.
Instead, the Board has reportedly opted for partial withdrawal, which must first be approved by the Minister of Finance and Treasury, Harry Kuma.
No particular reason was given for the Board’s decision in knocking back the plans to assist Members in withdrawing part of their contributions.
On the onset of the COVID-19 in 2019/2020, the government ordered the Solomon Islands National Provident Fund (SINPF) to allow members to withdraw part of their savings.
There were strong indications last month that the Board would consider granting special consideration, particularly to members who have lost their jobs as a result of the Corona virus pandemic
Many spoken to say no instruction for the special withdrawal has been given.
By ALFRED SASAKO