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.