2020 Q2 Administration Report

The second quarter 2020 administration report is now available to members.

Member contributions for the first quarter totalled approximately $4m, with 463 new members registered to the fund, and 159 member claims, increasing the total number of members to 12,600.

The Fund paid out $1m in benefits during the quarter for foreign worker withdrawals, retirement, voluntary withdrawals, and deaths.

Member investment options also show $61k being transferred between the Conservative, Balanced and Growth Funds.

Interim interest rates to June 2020 are -0.20% Conservative Fund, -6.60% Balanced Fund, and -10.10% Growth Fund. These interim rates have recovered significantly in the month of July.

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

Q2 2020 Administration Report

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