Kia Orana Members,
Attached is the administration report for the first quarter of 2017.
The number of members registered to the Fund increased by 384 during the quarter to bring the total number of members to 9834. This increase in membership is largely due to the new registrations of businesses and their employees.
The number of active members also increased during the quarter, noting the anomaly in January statistics, to exceed the number of dormant members.
The Fund paid out $627,487 in benefits to members, and this includes payments to 163 Pensioners within the Fund.
For full details on the report please click on the link below.