2020 Q4 Administration Report

Kia Orana Members, the CINSF Administration Report is now available for the fourth quarter of 2020.

Member contributions for the fourth quarter totaled approximately $1.6m, with 91 new members registered to the fund and 16 new pensioners, bringing the total number of members to 12,747.

The Fund paid out approximately $630k in benefits during the quarter for foreign worker withdrawals, retirement, voluntary withdrawals, and deaths.

Member investment options also show $172k being transferred between the Conservative, Balanced and Growth Funds.

Interim interest rates to December 2020 are 6.80% for the Conservative Fund, 8.10% Balanced Fund, and 9.70% Growth Fund. These interim rates have recovered significantly since Q2 and Q3.

To view the full administration report please click on the link below.

2020 Q4 Administration Report

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