2020 Q3 Administration Report

Kia Orana Members, the CINSF Administration Report is now available for the third quarter of 2020.

Member contributions for the third quarter totalled approximately $1.6m, with 132 new members registered to the fund and 16 new pensioners, increasing the total number of members to 12,748.

The Fund paid out approximately $950k in benefits during the quarter for foreign worker withdrawals, retirement, voluntary withdrawals, and deaths.

Member investment options also show $210k being transferred between the Conservative, Balanced and Growth Funds.

Interim interest rates to September 2020 are 2.80% for the Conservative Fund, -0.40% Balanced Fund, and -1.80% Growth Fund. These interim rates have recovered significantly since Q2.

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

2020 Q3 Administration Report

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