Source: http://intelligentsiya.blogspot.com/2012/01/dr-wadan-narsey-fnpf-transition-decree.html
Timestamp: 2016-08-25 21:54:19
Document Index: 503683139

Matched Legal Cases: ['art 2', 'art 2', 'art 3', 'art 4', 'art 5', 'art 2', 'art 4', 'art 4', 'art 4', 'art 4', 'art 2', 'art 2']

Intelligentsiya: Dr Wadan Narsey: FNPF Transition Decree: last nail in the FNPF coffin
The FNPF Transition Decree claims in Part 2, that “the principal object of this Part is to ensure that the arrangements for the provision of annuities by the Board are sustainable, non-discriminatory, and do not involve cross subsidy of one group (pensioners and annuitants) by another (FNPF members).”
Part 2: Terminates the current pensioners’ claimsPart 3: Share investment scheme (not commented on here)Part 4: Protections (what a farce).Part 5: Regulations (not commented here)
Part 2: Trashing lawful contractsDespite the FNPF CEO’s strange claim that pensioners do not have a “contract” but an “agreement”, the facts all suggest that pensioners do have lawful contracts approved by the elected Fiji Parliament:
Part 4: Protections: Stealing pensioners’ lawful propertyArticle 17 of the Universal Declaration of Human Rights (UDHR) says “Everyone has the right to own property” and “no one shall be arbitrarily deprived of his property”. Have a laugh if you thought that Part 4 of the Transitional Decree titled “Protections” was about protecting you, the pensioners and your property.
Part 4 “Protections”: Denying Human Rights of Access to JusticeClause 11 of the Regime’s Transition Decree shamelessly states the following, straight out of Animal Farm: (1) “The relevant provisions are not to be taken to be inconsistent with a human right or a similar right of any person”. What a farce.
Article 8 of the Universal Declaration of Human Rights (UDHR) states “Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law”.Article 10 of the UDHR “Everyone is entitled in full equality to a fair and public hearing by an independent and impartial tribunal, in the determination of his rights and obligations...”.But Subsection (3) of Part 4 of the Regime’s Transition Decree states: “No court, tribunal, or other adjudicating body has jurisdiction or power to accept, hear, determine or in any other way entertain any challenge by any person, or to grant any remedy or relief to any person in respect of” (a and b) the validity of the Decree and (c) “any loss or damage suffered by any person...” as a result of the provisions in the Decree.
Part 2 of Decree: False claim Number 1 Part 2 of the FNPF Transition Decree claims that the lumps sums the pensioners left in the Fund and the investment income thereupon (allegedly amounting to $310 million), cannot meet the present value of the future liabilities owed to current pensioners ($565 million). This statement totally ignores that (a) there was a Pension Buffer Fund specifically set up for this very purpose by the Fiji Parliament;
What of the future?Many current and future pensioners are asking what they should do