Kia Orana Members,
The quarterly administration report for the period October to December 2016 is now attached for members information. This information assists us in the operations of the fund and statistical information for projections and usage of tools such as ebenefits for members.
Total membership of the Fund continues to grow with 294 new members joining the Fund, brining the total number of members to 9482. Notable however is the increase in dormant members, being those members that have not contributed for a period of 3 consecutive months.
During this quarter the Fund also paid out $578,583 in benefits to members, of which $104,989 was from voluntary accounts under the new rules allowing 1 free withdrawal per year.
Please click on the attachment below to download and view the full report.