Outreach scheme raises TP$300,000 from Tongan-NZ members of retirement fund

The Manatukiʻapi retirement fund has raised more than TP$300,000 from Tongans living in New Zealand.

The National Retirement Benefits Fund set up the scheme to allow Tongans living overseas to open accounts as voluntary contributors or to top up their parents’ or other people’s retirement funds.

NRBF CEO Dr. Leimoni Taufu’i told Kaniva News the national body had so far registered 11,000 clients and about 600 businesses.

Tongans in New Zealand were the first in the diasporic community to participate in the Manatukiʻapi scheme in 2014.

On June 30, 2016 the New Zealand members deposited into their accounts a total of TP$290,831.41, Taufuʻi said.

In May this year Taufuʻi and the Chair of the NRBF, Rev. Dr Tēvita Havea, went to Australia in a campaign to include Tongans there in the scheme.

The programme “revives” the remittances and also triggered Tongans overseas to remember their family back home, Taufuʻi said.

“It is understood the fānau sent money home to their parents and family, but when that money arrived in Tonga it was all spent on social duties and the kavenga,” Taufuʻi said.

When they deposited money into the  Manatukiʻapi scheme that money would be preserved until the account holders had retired from their employments.

The holders would be paid the total amount and the accrued interest, Taufuʻi said.

The Tongan government board also paid monthly benefits to the elderly who were 70 and over through the Retirement Fund.

“In his address to the nation at the Opening of Parliament on June 2016, His Majesty King Tupou VI highlighted the challenges faced by his people which are health, education and economy,” he said.

“He emphasised the importance of health and the need for the National Retirement Benefits Fund to also include a health insurance scheme to assist in expanding coverage of social health protection so that the citizens of Tonga had a choice in healthcare.”

In its annual report for 2016 the organisation said it had raised TP$28.4 million since its establishment in 2012.

The main points

  • The Manatukiʻapi retirement fund has raised TP$300,000 from Tongans living in New Zealand.
  • The National Retirement Benefits Fund set up the scheme to allow Tongans living overseas to open accounts as voluntary contributors or to top up their parents’ or other peoples retirement funds.
  • NRBF CEO Leimoni Taufu’i said told Kaniva News the national body had so far registered 11,000 clients and about 600 businesses.
  • Tongans in New Zealand were the first in the diasporic community to participate in the ManatuKiʻApi scheme in 2014.

For more information 

National Retirement Benefits Fund

Sometimes when a business is growing, it needs a little help.

Right now Kaniva News provides a free, politically independent, bilingual news service for readers around the world that is absolutely unique. We are the largest New Zealand-based Tongan news service, and our stories reach Tongans  wherever they are round the world. But as we grow, there are increased demands on Kaniva News for translation into Tongan on our social media accounts and for the costs associated with expansion. We believe it is important for Tongans to have their own voice and for Tongans to preserve their language, customs and heritage. That is something to which we are strongly committed. That’s why we are asking you to consider sponsoring our work and helping to preserve a uniquely Tongan point of view for our readers and listeners.

Latest news

Related news