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.