#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Narsey: military regime trashes pensioners’ contracts

Saturday, November 26, 2011

Narsey: military regime trashes pensioners’ contracts

PIE IN THE SKY? $200 million dollar loan deal for new Air Buses being footed by FNPF fund.

By Dr Wadan Narsey

The illegal Military Regime has announced their plans to go ahead with their FNPF restructuring (more later, on that), and effectively, they are trashing the contracts that FNPF had signed with pensioners.

Existing pensioners will be give a choice of receiving back their final balance when they retired (in nominal dollars, of course), or go on to the new single pension rates which will range from 8.7% if you are 55 to 12.3% for those 70 years old and over.

This will give existing pensioners a “Hobson’s choice” or more correctly, the “Morton’s Fork” between two options,  both of which will imply an effective reduction to their existing contracted entitlements.

Or they can go ahead with the Burness/Shameem legal case (supposed to be heard in February 2012) to try and stop the Regime from changing their existing contracts.

But of course, there may yet be another Military Decree stopping any challenges in court.

Before that choice is thrust down our throats, and while we beg the Military Regime for “permission to discuss our just grievances in the media”, FNPF pensioners might want to clear their cobwebs on the following five statements, and especially Statement 3:

1.         Existing FNPF pensions cannot be legally reduced under the FNPF Act.

2.         The FNPF Act does not allow FNPF to vary the pension rates differentially for allegedly high and low income pensioners.

3.         FNPF has the financial capacity to pay existing pensions at their current rates for another 18 years, if the Buffer Fund had been properly credited with interest payments from 1975   to the present, AND if the provisions of the FNPF Act had been strictly followed by    successive Boards.

4.         Successive Fiji governments, including the current illegal Military Regime, have been        directly and solely responsible for whatever mess exists at FNPF today

5.         The only proper way to change the FNPF Act is for an Independent Expert Commission   of Inquiry into FNPF to make recommendations which should only be considered by a      future elected Government.

Essential background 

The Fiji National Provident Fund is not a “government owned public enterprise” belonging to the Fiji public and tax-payers, but it belongs only to the workers whose contributions have funded it.

Historically, however, FNPF has been totally controlled by successive governments, from its inception till today.

The FNPF was originally intended to be a compulsory savings scheme for workers, with all the savings and interest thereon to be returned to the worker as a lump sum on retirement (read the Legislative Council debates in 1968).

The system was then lawfully changed by Parliament in 1975 to introduce a pension annuity option, which was set at the high rate of 25% for single pensions, to encourage retirees to take the pension rather than the lump sum.

Despite that high rate of pension, the pension uptake was way less than 15%.

Then when the uptake proportion did begin to rise (late 80s and early 90s), an ILO study (1993) advised that the annuity rate should be brought down gradually to 10%.

But the 1998 Parliament decided to bring the pension rate down to 15%, gradually over ten years.

Even if actuarially unwise, this was a lawful decision made by Parliament, thereby legally under-writing the contracts which all pensioners have entered into.

To break these contracts is to make a mockery of justice, law and order, constitutionality, and the sacred powers and responsibilities of Parliament, and the people it represents.

But why is it that the ILO projection that in the long term some 35% of retirees would take the pension, has been proven inaccurate?

The FNPF’s pension gamble: the “risk of dying early”

Why is it that while actuaries have concluded that the annuities between 15% to 25% have been excellent value, the historical reality has been that the majority of retirees (more than 70%) have not been taking up the “good” pension offers?

Of course, the return was high.  But there is the risk of dying early and losing all thereafter.

This is a tough choice even for educated people, and even at the current allegedly high 15% pension rate.

I suspect that many of the retirees who took the pension option would be financially well-off and able to handle the risk of dying early.

Don’t forget that while some pensioners have found the annuity excellent value (which FNPF harps on about), some retirees have also died before they “recovered their life savings”: their families have lost out (no comment from FNPF on these losers).

Recent developments 

The recent Promontory Report, based on the actuarial study by Mercer, and examining the recent poor investment and income record of FNPF, recommended the further reduction of the single pension rate to 9% but only for future pensions (not existing pensions).

This Promontory Report has been very selectively used by the FNPF Board and Management to justify their planned changes to existing pensions.

At one stage FNPF Management stated that all annuity rates (existing and future) would be reduced to around 9%.

Then they backtracked to some nebulous proposal  that they would reduce the existing pensions only of those above some “poverty line” (to be decided by themselves).

Coconut Wireless now suggests they have dreamed up another “scheme” to give the illusion of “choice” to existing pensioners.    Wait for the 2012 Budget on Friday 25 November 2011, to reveal all (and more).

But pensioners must not forget that existing contracts of pensioners are legally valid and cannot be forcibly changed, by offering alleged “choices” to pensioners.

FNPF offered legal contracts to pensioners, approved by Fiji Parliament

The undisputed facts are:

(a) The current pensions were all freely offered by FNPF whose Boards have always been totally controlled by Government: all  FNPF Board members have been appointed by Government (while Employers’ Associations and unions may nominate representatives, the final choice and appointments are made by the Minister); and the Chairman of the Board has always been appointed by Government.

(b) All decisions on annuity rates have been made by the elected Parliament: the FNPF Board can only make recommendations, not decisions.

FNPF initially thought that Section 63 of the FNPF Act which states that the FNPF Board may “prescribe the amount, frequency of payment and duration of any annuity payable under the provisions of paragraph (b) of section 64” as may be” gives the Board an authority to reduce existing pensions.   This was a completely wrong interpretation, as that section simply refers to Section 64 (b) which gives powers only over the method of dispensing the annuity already decided upon by parliament as a percentage of whatever balance the pensioner leaves with the Fund.

Once that percentage has been fixed (and the OP-9 form specifies both the percentage and the corresponding dollar amount), the amount of the total annual annuity in dollars and cents cannot be changed- as that would be changing the percentage of the final balance being given to the pensioner in a legal contract on the OP-9 form.

Nowhere in the contract (the 9-OP form) is there any clause which warns the pensioners that their pension rate may be changed in the future by the FNPF Board at its discretion.

Any attempt by the FNPF Board to vary the annuity rate, already offered to and accepted by pensioners, is therefore totally contrary to the FNPF Act and in breach of the laws on contracts.

FNPF has the full capacity to enter into contracts

Article 4 of the FNPF Act states that the FNPF Board shall be a body corporate and shall, by the name of "The Fiji National Provident Fund Board", have perpetual succession and a common seal .... The Board may sue and be sued in its corporate name and may enter into contracts.

A legal corporate body (FNPF) made a clear offer (on Form 9-OP) to the retirees that should they choose the pension option (whether single, joint or combination) and leave all of some of their savings with the FNPF, they would receive in return an annuity (expressed explicitly in dollars and as a fixed percentage of their final balance) until they (or their nominated partner) died.

Legally, in a civilized world without arbitrary Military Decrees, the FNPF (and the Board Members) may be sued if they break these contracts.

If FNPF Board Members cannot be sued in Fiji, it should be investigated if those with foreign residency, can be sued in their home countries.

Promontory advised that existing pensions cannot be altered under contract law

The Promontory Report stated (paragraph 25):

“There have been some suggestions that existing pensions should be

withdrawn, capped or reset at a discount. ... Any retrospective adjustment of

existing pension benefits would be difficult under contract law......  While an adjustment to existing pensions remains a possibility (huh?), it is not further considered in this paper”.

Promontory based the rest of their analysis and recommendations on FNPF not breaking its contracts with existing pensioners.

The Promontory Report clearly separated the problem of funding existing pensioners, from the problem of funding future pensioners, whose annuity rate may be legally reduced by any lawful government.

FNPF cannot vary the pension rates differentially for low and high incomes
The FNPF Board previously announced that they will not reduce the existing pensions of some 89% of pensioners whose pensions are “below the poverty line”, but they will reduce those of the other 11% earning higher pensions.

However, Section 12 B of the FNPF Act specifically requires the Board “to act impartially towards beneficiaries and between different classes of beneficiaries.”

Forget poverty lines, etc etc.

FNPF has the financial capacity to pay existing pensions

There are several legitimate sources to fund existing pensions.

Source 1:  The Pension Buffer Fund

This was expressly set up in 1975 to fund pensions, with all members injecting 2 cents in the dollar between 1975 and 1998, when the injection was stopped by Parliament.   The Buffer Fund was then absorbed into the General Reserve in 2000.

However the account was still maintained, and continued to receive all the final balances of members who chose the pension option.

But successive FNPF Boards wrongly neglected to pay interest on this Buffer Fund although the Fund earned income on these funds.

My calculations show that the properly credited Buffer Fund would in 2010 have amounted to some $870 millions (or a bit less given that the interest income has to be spread over all the shareholders’ funds), which would cover around  18 years of the current annual pensions payout of around $47 million (and probably more as high earning pensioners gradually die off).

It is false of the FNPF to claim that they do not have the financial provisions to pay the existing pensions at the existing rates.

Source 2:  The savings from pensioners who die early

While FNPF has given numerous tables alleging cross-subsidization of existing pensioners by current contributors, it has never acknowledged nor given any data whatsoever on the numbers of pensioners who have died before they could “get back their money”.

These “savings for FNPF from those who die early” partly cover the costs of those annuities of pensioners who live on (allegedly for “too long”).

Source 3:  The General Reserve

The General Reserve has also been contributed to by pensioners and has always been expected by the actuaries to be the final guarantor of pensions.

Ultimate Source 4:   The Fiji Government

The FNPF Board is authorized under Section 10 of the FNPF Act:
“If the Fund is, at any time, unable to pay any sum which is required to be paid under the provisions of this Act, the sum required shall be advanced to the Fund by the Government and the Fund shall, as soon as practicable, repay to the Government the sums so advanced”

The FNPF Board can legitimately make a case to the “Government of the Day” that they should pay any shortfall (which is not required as I state above).

It has been past governments who have enjoyed easy finance at relatively lower interest rates than charged by the private sector, and they moreover are responsible for whatever financial mess the FNPF currently finds itself in (see below).

Note FNPF Boards’ Continuing Breach of Section 8 of FNPF Act 

Section 8 (FNPF Act) requires that “the Board shall, having considered the recommendation of the General Manager”, declare a rate of a rate of interest to be paid to members’ credit, not less than 2 1/2 per cent per annum provided that:
“no rate of interest exceeding 2 1/2 per cent per annum shall be so declared, unless, in the opinion of the Board, the ability of the Fund to meet all payments required to be paid under this Act is not endangered by the declaration of such rate”.

Yet year after year, the FNPF Board has declared a rate of interest higher than 2 ½ percent. Even this year (2011) is has credited more than 5% to Members’ funds.

Yet the current FNPF Board and Management allege that existing pension rates are unsustainable, and have been known to be unsustainable for more than a decade.

The FNPF Board has been in breach of the FNPF Act by declaring rates of interest which are in excess of 2 ½ percent and at the same time claiming that the Fund is unsustainable.

While not doing what it is specifically required to do by the FNPF Act, the FNPF Board is attempting to do what is nowhere authorized in the FNPF Act, namely to reduce existing annuities contracted to existing pensioners or their beneficiaries.

Governance issue: refusal to make public all reports and FNPF dataUnder the provisions of the Act, the FNPF and all its assets belongs to the current contributors and pensioners. The FNPF Board are only trustees, and together with the FNPF Management, are supposed to be accountable and transparent to the members.

Yet, for several years now, both the FNPF Board (current and preceding ones) and Management (current and preceding ones) have adamantly refused to make available to the beneficiaries of the Fund, all the various Reports and relevant data on the sustainability of the FNPF.

They make a mockery of the “Core Values” which FNPF proudly and falsely advertises on its website:

Accountability: Being answerable and having the courage and honesty to take ownership of our actions; Fairness: Treating everyone in an equitable and nondiscriminatory manner; Integrity: Being honest and fair to all our stakeholders; Excellence: Always maintaining highest standards.

The Board Members and FNPF management ought to be taken to task for their abject failure to abide by these “Core Values”.   The latest data on their “Key Indicators” webpage ends with 2007 data- already four years out of date.  How pathetic.

Publicly available consultants’ Reports have serious gaps in data, and none of them give the details of actuarial projections based on the life expectancies; therefore one has no idea if their assumptions and analyses are correct.

Some of their assumptions about future life expectancies may even be wrong.

Possible errors in actuarial assumptions

The Promontory Report’s recommendations were based on the Mercer actuarial study. The Mercer presentation at the symposia organized by FNPF stated that the mortality rates they used were derived from “the 2008 Fijian population life tables prepared by the World Health Organization” (no problem) but they used “mortality improvement based on experience of the Australian population over 25 years as reported in the current Australian Life Tables (2005-07).”

Demographers will know that projections of improvements in Australian mortality cannot be used to predict future trends in Fiji’s mortality. Australia’s life expectancy is rising, their people are living longer, and drawing pensions for longer. If the Australian patterns of mortality improvement did apply to Fiji, then Fiji’s people would also be living longer, and the sustainability of FNPF pensions may indeed require relatively lower pension or annuity rates for Fiji.

However, if Fiji’s mortality falls or stagnates, then Fiji’s pensioners will die earlier than predicted by Australian trends, and Fiji’s pension annuity rates would correspondingly need to be relatively higher.

All indications are that Fiji’s mortality will not fall like Australia’s and Fiji’s life expectancies will not rise like Australia’s (detailed explanation of this is excluded here).  Similar errors seem to have been made by the ILO actuarial projections.

Government’s excessive role in FNPF 

Note that the Government-controlled FNPF Board has been the ultimate decision-maker on:

 (i) all large lending decisions (how much and interest rates) including loans to Government.

(ii) the interest rate to be credited annually to the FNPF Members.

(iii) the three historical decisions approved by Parliament: the original 1975 decision to pay 25% annuity on single pensions; the 1998 decisions to reduce pensions gradually from 25% to 15%, and the stopping of contributions to the Buffer Fund.

(iv) all large investment decisions, including the questionable price paid for the majority shares in ATH which independent assessors thought may have been more than $100 million or probably up to $150 million in excess; and the cost blowout at Natadola and Momi.

Even the Promontory Report criticized the government’s excessive and negative influence on the FNPF:

Paragraph 90 of the Report:

“In discussion with stakeholders... appointments have been seen as highly politicized and blamed for some of the poorer investment outcomes. A common theme was that Government had interfered too much with operations and decision-making of the Fund.

Paragraph 91

“Policy Principle: the FNPF Board should comprise a majority of independent members. The Board’s primary fiduciary responsibility is to act first and foremost in the interests of the fund members, not representative groups, Government or even the wider interests of Fiji.”

Promontory advised that any new legislation needed to spell this out explicitly and the law be strengthened in this regard.

It can be seen therefore, even from a Report that was commissioned by the FNPF itself, that FNPF contributors and pensioners have had no say whatsoever in any of FNPF Board decisions and that Government has had over-riding influence.
Poor investment decisions by FNPF Boards  

A very important question for investigation is whether successive FNPF Boards have been giving loans to the Fiji Government at relatively low rates which the governments would not have received from the commercial banks, locally or internationally.

Would a truly independent Board and FNPF, free to invest internationally and locally, have been able to receive higher interest rates from the Fiji Government which could have resulted in higher returns to Members and higher sustainable annuities to pensioners?

Is the current liquidity crisis of FNPF due to bad Board decisions made on the large investments at Natadola, Momi, GPH, FSC, Tappoo City etc which are not returning the loans on time?

Would an independent FNPF Board have made the large loans to FSC which has technically been insolvent for a couple of years, and whose problems have been worsened because of the Regime’s refusal to hold elections in 2009 (hence EU refusal to grant 300 million dollars for sugar industry restructure?

How much has FNPF lost in income and capital value because of Fiji Government’s decisions through the RBF to bring back FNPF investments from abroad?

The Military Coups’ impact on FNPF

To what extent is the current FNPF crisis due to lack of investment, lack of economic growth, lack of growth in employment and incomes and FNPF contributions, due to the continuing political uncertainties and the results of the 2006 Military coup and the 2009 purported abrogation of the 1997 Constitution?

To what extent is the high rate of inflation which is eroding all pensions and funds in the Pension Fund caused by the massive deficit financing by the Government (using easy funds obtained from the FNPF), and lack of economic growth?

These are all questions which would need to be examined in detail with full facts and figures, and all available reports, made available to an expert Commission of inquiry, and to Fund Members and Owners.

Amendments to FNPF Act Only through an elected Parliament 

All changes to the Fiji National Provident Fund Act have historically been implemented through elected parliaments, with full responsibility falling on the people’s own elected representatives, whether the decisions were correct or incorrect.

This is the only way in which such drastic changes should be made to a legislation that will affect the lifetime savings and pensions of hundreds of thousands of waged and salaried persons in Fiji, and impact on the wider economy.

There should first be an Independent Commission of Inquiry which would examine all the financial, economic, actuarial expert analyses and reports, consider the past history (including key decisions, successes, failures, errors in judgment by FNPF Managements and Boards etc ) and give reasoned and balanced advice on the future path for the Fiji National Provident Fund.

If the Independent Commission finds that the actuarial studies, properly revised to Fund members satisfaction, do indicate the need for reviews of the pension fund, then that would no doubt go ahead, but only with social approval and social consensus, through an elected Parliament.

All calls for greater accountability of FNPF Board, have been ignored by this Military Regime, giving the lie to their Charter’s hollow  promises of accountability and transparency.

Continuing media censorship, takes away our basic human rights of freedom of expression including our rights to discuss publicly our just grivenances..

Pensioners’ legitimate interests are just one casualty of this Military Regime.

The breaking of contracts with pensioners will be merely another example of the many legal and social contracts this illegal Military Regime has broken, and continues to break,  with impunity.

The defense of pensioners’ rights are part of the bigger challenge to defend all our human rights in this country.

These challenges cannot be separated.   To separate them is to basically state that one wants our own rights to be safeguarded, while others’ basic human rights are others’ problems.

Annex             My Early Warning Signals on FNPF

“The ATHL monopoly: between the devil and the deep blue sea", The Fiji Times, 6 March 2002:

            How FNPF’s purchase, at an extremely inflated price, of majority shares in the ATH super monopoly condemned to a quandary where to protect its investment, it would have to squeeze maximum dividends out of its ATH shares, and hence the maximum from Vodaphone, Telecom Fiji and FINTE, at the expense of consumers and the economy.

"The Reserve Bank and the FNPF: funny business for the guv". The Fiji Times, 12 March 2002:

            The inherent conflicts interest for the Governor of the Reserve Bank who  was also appointed as Chairman of FNPF and also Chairmanship of FINTEL: with the RBF forcing FNPF to bring back its investments (thereby losingrevenue and risk minimisation for FNPF), RBF’s role as regulator of Fiji’s financial system while FNPF was a huge player in the financial market, etc. A similar conflict of interest was also always there with the Permanent Secretary of Finance, or other Permanent Secretaries being appointed as Chairman of the FNPF Board.

“Communications Monopoly monsters at work” The Fiji Times, 21 May 2004:

How the communications monopolies were doing huge damage to Fiji economically and socially, and FNPF, to gain short-term dividends, was harming itself in the long run by supporting monopolistic practices which squeezed the economy, reduced economic growth and job creation and thereby squeezed its own long-term growth in contributions from existing and new members.

“Auditors between the devil and the deep blue sea”. The Sunday Times, 14 August 2005:

that the implications of the Professor Michael White’s analysis of FNPF accounts by auditors on  how FNPF would appear to be far worse if proper accounting procedures were to be followed in respect of the massive premium paid by FNPF for ATH shares, and the likely loss of value once competition was brought into the telecommunications industry

“Stock markets, sharks, suckers and victims”. Islands Business, May 2006:

            While stakeholders in the Fiji Stock Exchange had been attempting to encourage the public to convert their savings into shares in the stock market, it points to the dangers lurking in the future, especially if governments, under pressure from WTO or just a good change in policy, try to reduce monopolies, such as cement  producing companies, or ATH. There would be inevitable losses in share value,which stock market stakeholders were not pointing out. FNPF had even been encouraging its members, wrongly in my view, to use their FNPF money to buy shares in ATH.

 “Coup wolves circling FNPF” Fiji Sun, 14 March 2009 and The Fiji Times 13 March 2009.

Fijian Holdings Limited, a company controlled by the Military Government, tried to            borrow more than a hundred millions from FNPF, when private banks had refused.     FNPF refused. More ominously, the Military Government wants to borrow hundreds of      millions, basically to sustain their increased recurrent expenditure and military over-   spending. The private banks, local or overseas, will not oblige. If FNPF continuously          gives in to such lending pressures from Government, without economic growth, it will only encourage inflation to rise in the long term, thereby slashing the real value of           everyone’s savings and pensions. And if ever pensioners totally lose confidence in FNPF,   it may become insolvent, with future pension rates slashed, and even existing pensions             reduced in dollar terms. The key issue is that the FNPF Board is now controlled by an        unelected Military Government’s appointees and we the FNPF contributors who own the         savings do not have a single direct representative on the FNPF Board who can be          accountable to us.

Then came the Military Regime’s censorship of Fiji media, which Fiji meekly accepted.  Most of the rest of the articles had to be published abroad.

“Saving FNPF and Fiji”  Pacific Scoop, 12 May 2010.

FNPF announced a $327 million “write down” in its investment value (with some $300 million of that due to the Natadola loan). But FNPF also has some other large exposures which are not looking good: Momi, FSC and other private sector borrowers. And very strange that RBF has lent $22 million to the Fiji Sugar Corporation (FSC). These are all extremely worrying developments for FNPF, RBF and for Fiji. Urgent need for Public Inquiry. How did these massive losses take place? Who should be held responsible? Might it get worse for FNPF? And how should FNPF management be strengthened to prevent further unwise decisions?

“Helping FNPF, despite media censorship”. Pacific Scoop. 18 January 2011:

With a stagnating economy FNPF revenues have been severely constrained. Few new jobs have been created and existing incomes have not grown; many loans are nonperforming; returns on FNPF investments have been declining; and large amounts of capital values have been written off because of mismanagement. But collectively, FNPF contributors and pensioners remain the largest group of spenders in the Fiji economy. This article constructively suggested how FNPF contributors and pensioners could direct their consumption expenditure towards FNPF investments (such as Holiday Inn, the Intercontinental, and Tappoo City), and change FNPF policies for the better. How FNPF management could encourage this by providing financial incentives and changing their management structure. Called on FNPF stakeholders (FNPF itself, unions, pensioners, civil servants etc) to conduct marketing campaigns in the aid of FNPF assets and loans recipients.

“Your money is not fully yours”. The Fiji Times 7 May 2011:

            While Fiji citizens technically own their money, they and their institutions (like FNPF) are not free to invest it where they wish to- they must obtain RBF permission to invest abroad. FNPF, which used to keep moderate amounts of their funds abroad in order to diversify their investments, have also been forced to bring them back, wherever there have been foreign exchange reserves crises, and suffered losses as a consequence. Whatever the FNPF loses in income, is gained by the RBF, which passes it n to the Government of the day, to spend and enjoy. Fiji citizens, who were forced to keep their investments in Fiji, have paid a heavy price, periodically.

“FNPF sinks lower” Pacific Scoop. 26 May 2011:

That the FNPF symposium being organized by the FNPF and the Military Regime was a farce. The FNPF management and Board, under orders from the Bainimarama Regime,  continue to hide all the reports that would reveal that the Bainimarama Regime is itself directly and indirectly responsible for a large part of the mess that the FNPF is currently in and the urgency of needed reforms; The Bainimarama Regime will continue to milk the FNPF cow, which, with increased contributions and reduced payouts, will give them even more of our savings to use ad misuse, however they wish. The contributors to FNPF and the pensioners of FNPF, will have no choice in the matter. With media censorship, they cannot even publicly and freely discuss these massive changes to your pension fund.

Called on the contributors and pensioners of FNPF to demand the public release of all the reports by IMF, WB, ILO and recent independent consultants; demand the release of all the reports on the investigation into the investments at Natadola, Momi; demand that the majority of the FNPF Board Members must be democratically elected by the current FNPF contributors and with pensioners having separate elected representation; demand that the Chairman of the Board must be from these elected Members and definitely not some foreigner as currently; demand that any decision on changes to the FNPF must be made by the elected Board and not the current Board and Management; demand that FNPF must be allowed to invest as much of its funds abroad as is prudently advisable and that RBF must recompense FNPF for all the lost earnings because of foreign investments brought back; demand that the FNPF management swear oaths of allegiance to the real owners of the Fund- the contributors and the pensioners, and not to an illegal Military Government.

“Consultants helping the Fiji military milk the FNPF cow”. Pacific Scoop. 2 June 2011:

While consultants were recommending significant reductions to the annuity rates for future pensioners, serious questions may be asked, for example, whether the Mercer calculations are correct, especially their assumption of Fiji’s future mortality patterns following Australian patterns. While these consultants and FNPF management talked about accountability and transparency, and the need to protect “whistleblowers”- they do not apply these same principles to themselves with their data and analysis.

“End FNPF subsidy to Fiji Governments- linking the many battles” Pacific Scoop. 20 July 2011:

   The FNPF Board and Management conveniently ignore that FNPF has been giving large subsidies (amounting to hundreds of millions over the last forty years) to successive Fiji governments through easily available loans, at interest rates much lower than that charged by commercial banks. The legal battle by current pensioners against FNPF and the Military Regime, should point to these massive FNPF subsidies to Fiji governments as a moral justification for Fiji Government to finance any future shortfalls in the liabilities to existing pensioners. To help FNPF’s revenues and current contributors and pensioners, these interest rate subsidies to Government should also be ended. For that to occur, both pensioners and contributors need to fight Battle 3, which is to have an FNPF Board completely accountable to its members.

“Battle to seek justice for Fiji pensioners strikes new legal defining point”. Pacific Scoop. 1 August 2011:

The Burness/Shameem case is important for FNPF pensioners, but it is far more important for the Fiji economy as a whole, because the planned FNPF action strikes at the heart of private property and legal contracts, both of which are at the core of all business transactions in Fiji and globally. This case should therefore be of great interest to Fiji’s business interests, Chambers of Commerce, Employers’ Federation and all investors in Fiji. The resolution of this case will be a defining moment for Fiji’s system of laws and justice.

“FNPF bakes Pie in the Sky for Air Pacific”  Pacific Scoop, 27 Sep 2011.

            FNPF makes yet another risky loan, of $200 million to Air Pacific to be collateral for         purchase of 2 Air Buses, when private banks obviously won’t lend to Air Pacific.


Taukei. said...

Don't know who the hells advising the Airbus team? But its common knowledge that you cannot enter into a legally binding contract with a known illegal entity - also what their atempting here (trying desperately to sell these planes) is against its own (EU) guidelines.

Anonymous said...

vinaka doctor narsey.
bai/ag will never understand all this.
bunch of idiots wanna bee guys running fiji regime.
its time fiji people kick out the regime.
fnpf will be the next scandal like nbf.
god bless fiji.

Anonymous said...

Every man and his dog in our country should know that we are pre 1874 - pre Cession at this point.

Since the coup and more so after the abrogation of the constitution.

There is no law as it can be applied abitarily.

There is the bati that is economically cannabilizing us, our children and granchildren.

Only difference is that the original Cakobau had Ma'afu & the Americans breathing down his neck, so his self preservation was also national preservation, so by default he did the right thing.

The present Cakobau is all about the next dollar, and they know it.

All that dignity attached to a name that is being erroded on a daily basis...both the Mara & Cakobau names ...being erroded away at the foundations to one day topple over.

Which side of history are leaders going to be.

Unless we are ignorant, we all know that this situation is not sustainable, never has been in the history of mankind.


Ratu Borogaga said...

Thank you Dr Narsey for telling it as it is. You're a true son of Fiji. Hat's off!

Yaseyase said...

I can't understand why any sane person would ever support Baineevuaka. One doesn't have to be a rocket scientist to work out that Fiji is finally going over the precipice especially with this bit of FNPF folly. What a sad place the 1987 coup has brought the nation. In point of fact, the Baun and Kubuna chiefs especially were gleefully supporters of the 1987 coup and are particularly culpable. Instead of upholding the institutions of Fijian modernity brought about by their ancestor Seru Cakobau, they were among the primary cheerleaders of the 1987 coup. Obviously, the Cakobaus and Nailatikaus etc have all turned out to be huge dissapointments unworthy of the expectations placed on them for leadership of the Fijian nation. You would fail if you searched for dignity on Bau, only oxymorons for chiefs there.The pathway Fiji took with coup after coup is leading the nation to self-destruction. Even in 2011, there are many who still believe in coups as the solution. Sa vakaloloma dina o Viti.With all the nonsense going on in Fiji, in my view Mahatma Ghandi's words ring true "...there is enough in the world to meet all our needs, but not enough to meet all our greed..."

Taukei. said...

@ Yaseyates.

Hadn't been for Seru the Taukei would be speaking Tongan.
As for Nailatikau - fortunate to be born in this era & not others.
One other thing - don't ever publicly lecture Taukei about cultural or moral corruption within a country where you are guests(Ghandi or no Ghandi)when in your own ranks you have a man named Chaudhry? Vinaka.

Anonymous said...

Come on, Wadan. What's wrong with ordinary Fijians having a stake in their national airline? There's risk in any investment but where is the extra risk in this? Air Pacific has a proud record and effective management. That management is engaged in a stoush with the unions is to protect that record. Another negative and totally pointless rave.

Anonymous said...

Thank you Prof. Narsey! Any suggestion which option should be taken by the individuals on this? We are all hoping that the Burness/Shameem case will give us the break, but these people are pulling the cart before the horse.

God Bless our poor Fiji.

Capt. Chaos said...

These airbuses are far more superior to the old Boeings.In Fact these A330-200'S CAN fly unrefueled a whole lot longer than the tired old Boeings we have now.It's the pilot's who are afraid because they will have to do another type rating and are worried about passing it.Good on the management decision for choosing such an amazing aircraft which will give humongous fuel savings to the nation and a profit to the carrier.

Anonymous said...

@8:09 PM. Air Pathetic is INSOLVENT you idiot. The Fiji economy is INSOLVENT and the bankrupt immoral illegal govt is sucking the FNPF dry. As Dr. Wadan points out, FNPF
is NOT a government owned public enterprise but belongs ONLY to the workers whose contributions have funded it.

Anonymous said...

I was wondering how Bainimarama's illegal govt was going to fund all their "2012 Budget tax cuts".
Now I can see where its coming from. Our FNPF.
We have been hoodwinked again by the bastards.

Thank you Wadan and C4.5 for revealing the truth.
This debacle proves all the more that The Fiji Military is not an institution for good but it is actively promoting and supporting evil and destruction (financially) on the people of Fiji.
The Fiji Military Forces is a destructive force to us and like cancer we must remove it from our body.
Lets all unite and remove the Fiji Military. It is a destructive institution, taken advantage of by evil men.

-Valataka na Dina.

mark manning said...

It would be a good idea if everyone could just take a step back and try to understand exactly what this particular coup is all about.

There seem to be several factors :-

1/ Frank was under investigation for the murders of the CRW soldiers in 2000 and about to be arrested for Sedition in late 2006, hence his quick decision to go ahead with the coup d'etat when he did.
Simply put, Frank committed " High Treason " in order to avoid prison.

2/ Fijians should acquaint themselves with just what " High Treason " is exactly and the term coup d'etat.

3/ The people supporting Frank Bainimarama, what are their motives, as there seem to be several, depending who they are ?
For example, Aiyaz Sayed Khaiyum is using Frank's own fear of prison and his alliance with the RFMF, for his own purposes, which one could argue, is to take over the Indigenous Fijian Institutions, for the purpose of grabbing their Land and Resources.
This has already begun, right under your noses.

4/ Fijians need to take their heads out of the sand to face the realities which are happening around them, before it's too late and can't be reversed.

Anonymous said...

It is very obvious that the FNPF system has not been managed sensibly for many years. Anyone expecting to receive an anual pension of 25%, 15% and even 9% of their pension pot (FNPF savings) at retirement, for the rest of their life is not living in reality.

It's all very well saying the FNPF belongs to it's members and is not Goverment owned but there comes a time that someone has to jump in and sort the problems out.

QEB said...

Vinaka PM for the excellent strategy to being back teleni on board. This has dissolved the tension in the camp and mara is no longer a threat.

Also 500 million by chinese for 2012 in return for 2mines. Now time to kick the president out and move on top.

Korobaba Outlook said...

Valataka na dina @6:57am I agree the RFMF is now an instrument of evil that is cannibalising the nation of Fiji. But let us not forget those who are supporting this evil phenomena and propping it up, these people are just as culpable. By involvement, they become guilty to the crime that is being committed against all Fiji citizens. Bainivuaka and his cronies can never ever be trusted and vindicated in anyway. The only legal person who can perform executive functions on behalf of the people is someone who has been elected by the people. Certainly, not some retard who bullies his way into power using guns and the force that is supposed to be defending Fiji. All must condemn despotism, and tyranny, down with evil institutions like the Fiji military. Yes, bring back structures that support justice for all.

Koi Waimaro said...

To Dr Narsey and all the bloggers, this is not an illegal regime. It the Government of the day, full stop. All your slanderous comments and lack of wise viewpoints will not help move this government and her people forward. This government is legitimate and Ratu Voreqe is its legitimate PM.

You have been talking about the constitution and election as the drivers for a democratic government. Our constitution does not have any authority because the authority of the constitution is in the citizenry; their knowledge and understanding of the constitution. Democracy comes from the power of the majority and if the majority are ignorant of the constitution then it has no authority. I would say that only 20% of the citizens of Fiji has some knowledge of our constitution and may be 10% has a full understanding of it. And that makes it illegitimate, and any government elected under the same constitution is illegitimate.

However if the legitimacy of the democratic government is based on the majority of the people accepting it; then Ratu Voreqe’s government is truly the legitimate government of the day, based on the Lowly Report. I understand that you bloggers do not accept this government but sorry you are not the voice of the majority. You are just 0.0001% of the population.

It is sad that Ro Temumu Kepa who is the current Roko Tui Dreketi to publicly advocate that this government is illegal because it is born out of a coup. But she must also remember that her position as Roko Tui Dreketi has made her children, who are born out of a Lauan commoner to be the paramount children of Rewa. Is this lawful? NO. But is it legitimate? Yes, because the province of Rewa has accepted them to be their paramount children, thus making them the lawful paramount children of the “vanua vakaturaga o Rewa.”

So before we go out and try to make ourselves look good in the eyes of others, lets make sure that we are genuinely good.

And to you so called advocacy of Democracy..........remember what the Greeks once said, quote; ‘Although democracy is not the best form of government, it is better than monarchy, autocracy, tyranny, and oligarchy. This clearly shows that there is another form of government that is better than democracy that we should seek out to take us forward. Maybe its controlled democracy or direct democracy, or something similar to what we have in Fiji today.

May God Bless Fiji.

Koi Waimaro

Anonymous said...

@Capt Chaos 11.40pm.. are you for real??

Do you even know what you are talking about??

You are definitely one of the ulu pepas from RFMF who wants to talk smart but knows sheet!!

Bringing in the Airbus means more $$ to be spent on training pilots for their type rating.

They're not a bunch of nuts like you guys to be hoodwinked to believing sheet this illegal govt comes up with.

Your reasoning in saying that airbus is more fuel efficient.. pfft.. who says?!!!

It's a known fact that the airbus fleet (a-330) to be brought in is a more unsafe and unreliable aircraft with its record of having crashes and emergency landings due to mechanical faults.
The pilots know that, hence their apprehension.

Kakua mada na via vosa vaka vuku.. ni yavu ulu pepa vakai nomuni liuliu macawi.. macawa sara!!

Anonymous said...

Just a thought
pension funds come from 3 sources (old days- 2 sources)

1. Government Paypackets.

2. Public Entities paypackets


The PAYPACKET comes from somebody who created a job. 100% of a paypacket had to be created for worker to recieve it.

Dont ever forget it.

Anonymous said...

@C4.5 Can you please verify: I heard that Bainimarama govt will close QVS and some other schools next year because the govt has run out of money!
Doesn't this govt believe in Education any more?

-Valataka na Dina.

Anonymous said...

Mr Wadan, how can your master piece elevate the situation we are in?

Koi Waimaro said...


You are in such are very sorrowful state of mind.

Please clam down and be reasonable in your comments.

Reading your comments recaps my memory to a requem by Desiderata which say:

"Go placidly amid the noise and the haste,and remember what peace there may be in silence.
As far as possible, without surrender,be on good terms with all persons.
Speak your truth quietly and clearly; and listen to others,
even to the dull and the ignorant;
they too have their story.
Avoid loud and aggressive persons;
they are vexatious to the spirit.
If you compare yourself with others, you may become vain or bitter, for always there will be greater and lesser persons than yourself"

Are you bitter because the soldiers are much better than you?

Please calm down, Sir,

Koi Waimaro

Anonymous said...

Wadan. You are all wrong mate. FNPF has come with a super half way in dealing with theri issue. Well done FNPF.

And great tax cut by the Govt. This will help everyone and will simultate the economy. We do not need unions anymore. This govt has now got the trust of the people. It is for the people. More for the people than any other govt we have had.

Anonymous said...

@koi waimaro.
When the Chinese have taken over your land then you will be crying over your tea and tavioka.
Just 1 million Chinese shipped over from China can easily take over 800,000 fijians.
Who will do the coup then?

Democracy is about respecting one another. Its about respecting other people's choice.
It's about respecting people's vote.

Bainimarama's govt is Illegal.
No one voted for him.

You say that Fijians have "no knowledge" therefore they have no authority.
Which hole have you been you been living in?

If you really think that Fijians are happy with this government then tell Voreqe:
-to let the media have their freedom back
- tell him to walk around without any bodyguard like all other Prime Ministers before.
- Do an election now and see what Fijians want.

If you really think that your theory is correct then you must put it to the test.
Otherwise you are just talking shit.

-Valataka na Dina.

Anonymous said...

...and school fees for Primary students, is this a fact or just a rumour?

Please verify...

Face Up Please said...

If those who support the government are so confident about its good deeds why don't they identify themselves instead of signing off as Anonymous? Those of us against Bai have a reason to blog undercover, you guys don't. Just as I and others have said before if Bai's government has the mandate of the people why does it still have PER,decrees, spies on blogs, and make threats to Fiji citizens openly criticising it? Even on Facebook????

Anonymous said...

@ Koi Waimaro...People like yourself should be classed dickwit...better still gobshite!!! Your thinking deserves to be holed and buried!! Youll never get it into your thick head that a takeover of a legal government by gunpoint is treasonous first and foremost. The rest of the rotteness that stems from a treasonous deed can never be justified...get that????? No, of course you dont!!! Get your thinking into order for goodness sake before you blurt nonsense!

Anonymous said...

Anon 1.20. Incidentaly i did see Frank eating ice cream in front of Suva Central after the budget presentation on Friday without a bodyguard in site. I also saw him a few times in MHCC with one other person with him who looked more like his PA then a bodyguard. I guess the PR is in place to stop ethno nationalist from creating unrest. Believe it or not i think Frank is more popluar in the i-tuakei ranks then in any other ethnic group.

Capt. Chaos said...

Anonymous(annoying mouse).I am not a soldier and yes you don't know what you talk about.I used to fly the fijian Air Force One.I was the chosen pilot for the fiji president everytime he flew.AIRBUS A 330's are not dangerous..it's the ill educated pilots who crashed them.Read the accident reports and then comment.All the great airlines of the world like Emirates and Qantas andmany more fly them and save millions on fuel bills.Idiot pilots crash them ..the smart ones don't.!!A classic tale of Air Pacific pilots is if you screw up in the domestic you will get to go to Air Pacific because you don't get to touch the controls.A lot of loser domestic pilots with quite a bad accidental history fly now and even before for the national carrier.Grow up and stop hating humanity...you will only cause yourself hypertension and die young never to see democracy come back to Fiji.

mark manning said...

@ anon 1226 p.m.
How uneducated and naive you must be !
The only thing getting stimulated is Aiyaz and Frank's Bank Accounts.
Fijians are now borrowing more than they earn and whereas Australia gave money to Fiji, china lends it !
the difference is silly, it has to be paid back to china, with interest and it's you, your children in 10 years time and your children's children in 30 years time, who will be repaying those loans.
The budget won't stimulate the Economy, it will do the exact opposite. It effectively will stifle competition and Investment.
No one in their right mind will invest and create wealth for Fijians in Fiji.
The Chinese and Indians will take your resources for a much smaller amount than they are worth, pay Frank and aiyaz bribes and the land owners will get cash up front or a small amount over time.
Your children will be left with a decimated Economy, no jobs and no way of repaying those loans. the mines will leave gaping holes in the ground and polluted rivers, streams and seabed.

Remember the old saying mate " if it sounds too good to be true, then it probably is too good to be true " !








Sanguine said...

I'm curious to know how much the FNPF pension is? Been reading about how an upper limit of $300 a month will be placed on some contributors. And that those receiving less than that might get top ups?

I guess all pensioners will then join the working poor eh? How on earth can anyone survive on less than $300 a month?

Anonymous said...

Isa, poor ''Capt'' Chaos never got to fly a jet..this is why he is bitter. So explain to everyone how an A330 saves more fuel than an Boeing 787? The aircraft Air Pacific previously had on order..

Anonymous said...

What's the problem with $300 a month? Most western democracy gave out the same amount or little bit more to their retirees.Check-out
Aussie,NZ,Netherland,Italy, Britain,USA,Canada,France,Belgium,Germany etc.Fiji is just a small nation with small economy,we're lucky to be getting $300 per month?

Anonymous said...

AG you ask for some true and actual price competition in private sector.....how about some true and actual debating in government. Remove PER now and see your rating go down in poll. You will more then viagra to keep it up.

Clan of Ten said...

@ Kai Naitasiri

Vinaka vakalevu Kai Naitasiri.

E dina taucoko na ka ko ni tukuna mai, ka sa dodonu ga meu kerea na veivosoti ni Vanua Vakaturaga Ko Waimaro.

Ia au sa na sega tale ni na qai vakayagataka na yaca vakaturaga oqo na Waimaro.

To the Vanua Vakaturaga ko Waimaro, I am humbly seeking your forgiveness for the use of the name Waimaro.

I did not use it out of arrogance but of Pride of my roots.

Clan of Ten

Clan of Ten said...

@ Kai Naitasiri

Vinaka vakalevu Kai Naitasiri.

E dina taucoko na ka ko ni tukuna mai, ka sa dodonu ga meu kerea na veivosoti ni Vanua Vakaturaga Ko Waimaro.

Ia au sa na sega tale ni na qai vakayagataka na yaca vakaturaga oqo na Waimaro.

To the Vanua Vakaturaga ko Waimaro, I am humbly seeking your forgiveness for the use of the name Waimaro.

I did not use it out of arrogance but of Pride of my roots.

Clan of Ten

Anonymous said...

ANON 10.09 You are right it is difficult if not impossible to survive with $300 a month. Having said that if someone joins the work force say at the age of 20 he or she has 35 years to plan a life after retirement. Getting financial literacy learning to invest your money on things that you actually have to work for like a second home earning rent, life insurance policy starting a sound small business etc will help in one retiring with a substantial income to have a good life after 55. The fact is most Fiji citizens just have to get off their butts and start preparing and actually thinking for themselves for a better life after 55. Enough of the handout mentality. We in Fiji want all the modern trappings of life but are not prepared to join the rest of the world on how to get these things. I don't need FNPF to retire because i planned my life better then most. Have you?

Anonymous said...

@Sanguine 10:09
I believe the FNPF pension amount paid to the recipient is dependant upon how much they have in their fund at time of retirement.

This lump sum is made up of their contributions, their employees contributions and the interest growth on the savings during their working life.

Contributions are a percentage of earnings, e.g the more you earn the higher your and employees contributions are and the higher your pension will be.

At retirement and before there are options to take lump sums out of the fund.

So at retirement age 55 whatever lump sum you have left that you want to use for a pension you could get (rates since start of the system in 1966) of 25%, 15% and now down to 9% of that lump as an anual pension.

Seems like a good scheme as in UK the max you can get at present for your lump sum in a pension annuity retiring at 55 is around 5.1%.

Anonymous said...

Koi Waimaro,

I think that Ro Teimumu Kepa's children are not eligible to the title of Roko Tui Dreketi. They are not Rewan's patrilineally but vasus to the Vanua o' Rewa.

Please do not try to misinform and mislead us.

Anonymous said...

Dina says.........

Koi Waimaro....kubuta ga na ceke nei Frank kei Aiyaz...

Kana loto, swine.

Lax Tax said...

Anon 8.20
It's very easy to compare aged pension rates with other countries. I just googled "aged pension rate new Zealand " and found this -

NZ Superannuation - current after tax rates

The current NZ Super rates (as at 1 April 2011) after tax at rate 'M':
Qualifying as Weekly
rate Annual rate
Single (living alone) $339.92 $17,676
Single (sharing) $313.78 $16,317
Married, civil union or de facto couple
(both partners qualify) $522.96 $27,194
($13,597 each)
Married, civil union or de facto couple
(one partner qualifies)* $497.02 $25,845
($12,923 each)
Married, civil union or de facto person
(partner not included) $261.48 $13,597
Source: Ministry of Social Development. Effective 1 April 2011.
All taxed at M code, net rates.

So NZ single rates are at least 4 times Fiji rates, and that's not taking into account exchange rate differences.

mark manning said...

Taxes are collected for the sole purpose of Government providing Services in return, and the ongoing development of infrastructure etc. for a functioning Community.
The taxes collected cover the expenses of police, military, roads, hospitals, schools etc.

Anyone can reduce taxes because all that is required to offset that reduction in taxes is to downsize the Public Service and reduce services to the Community.
Unfortunately in a dictatorship, there is just no way of knowing where those taxes are being spent and how much of the public funds are being siphoned into the pockets of coup supporters etc.

An unaccountable Regime could also be using Fiji as a money laundering enterprise for other illegal entities from all around the world and hence attracting criminals of all sorts to Fiji's shores.

Basically, who scrutinises the Regime ?

Only a handful of Fijians are making a fortune while the rest go hungry, lose their pensions, jobs and livelihoods.
If the Soldiers could just take a step back, open their eyes, ears and hearts and forget about themselves for a moment, they might just wake up to what is happening to their own community because of their selfish deeds.

This coup, purportedly said to have been to stop corruption, though no evidence has been brought forward to support this claim in the past 5 years, has created the very corruption which the Soldiers were told they would be stopping.

The Soldiers have fallen into the trap of following illegal Orders, they have created what it was they were told they would be used to stop happening and more importantly, they have become impotent to stop the Regime and return the government back to the people because they fear prosecution, ridicule, shame and embarrassment and because they have possibly become used to their new lifestyle of greed and corruption, which they were supposed to stop !

As 2 of your Chiefs, one a woman, have held a beacon of light to show you a way out of this mess, perhaps it's now the right time to approach them to find the way forward and return the Government of Fiji, to the people.

It would only take a handful of Soldiers to get the ball rolling.

If Mr. Qarase and Mr. Chaudhry are reading this, then perhaps it's the right time to throw down some olive branches and open the door for disenchanted Soldiers, as they need to be lead.

To wait would be dire, as we all know that Frank is waiting to take over the Presidency and be replaced by Aiyaz as illegal Prime Minister.
The question is, if that happens, who will take over the RFMF or will Frank remain supreme Commander and President ?

Clan of Ten said...

@Anon 5.46

Sa rai vakaloloma na nomuni bula kei na nomuni tovo ni veivosaki.

E sa dravudravua kina na yalomatua.

Vinaka vakalevu.

Clan of Ten

Anonymous said...

Mark Manning even in an elected Govt the very thing you talk about happens and the govt of the day still gets away with! There are numerous examples to quote even in Australia:
1.the money spent by Govt for advertisments about the children overboard affair into the millions-now you tell me if that was not a lie from the word go?Di anyone account for that gabbage?
2.the housing 'baats" debarcle-millions spent on a useless program?
3. in Fiji the Agricultural scheme-how many went to jail? where were the Politicians who ran the show-Mr Zinc could throw in a few suggestions?
4.Numerous Ministers only developed their own Communites when they held those positions eg Qarase and his village of Mavana!

Whilst i don't support coups in any way shape or form the question is how come Frank is getting the iTaukei on side with all his developments?
If you really think there is accountability in elected Govts-think again!You won't need to go to far to see the corrupt practices in the Govt in the USA where it brought that country to its knees and is now in 'shits' creek".Have you seen any politician suffer for that crap! Australai is not too far behind but you guys have the Indigenous people to thank-firstly for stealing their lands and now just digging a huge hole in the ground, quarries every where, faster than you graddad can say "dick"!

We don't need no white man whose gone past his "user by date" not that you ever had one, to come preach to us-need i remind you democracy for us has to come from the people-not the concepts of Mark Mannings beliefs-who has not even proven himself in his "adopted motherland"!

Clan of Ten said...

Vinaka vakalevu Anon 1.50pm

Well said.........

And to you Mark Manning, your so called female chief is one of the most selfish and greedy person we have ever come across. You ask anyone who was with her during her time as Education Minister, they will tell you that during tours to the rural areas she would demand that all the ‘kamunaga and iyau’ to be taken to her home.

These were meant for the ministry and should have been managed by the selected committed but lo and behold, she would take them all for her own and her family’s selfish benefits.

Fortunately, for us today, this government had issued instructions that all the ‘iyau’ presented by the ‘vanua’ are to remain with the ‘vanua’ and are not to be taken out by the government officials. What a noble gesture these government officials are committed to.

Also there is this government Minister of the Qarase Government who gave free drinks to patrons at the Mocambo Hotel bar in New Year 2005 / 2006 and bill paid by AFL. This is just one of the many corrupt activities perpetrated by some Cabinet Minister of the Qarase goverment.

Now this government is doing its best to develop this country in all aspects of life which we are enjoying now and will also enjoy in the future. But one thing is for sure that we don’t need unqualified analysis with the likes of Dr Narsey, whose course of study to improve the economy of Fiji has continually failed.

We do not want someone who has so much education but little wisdom to overload us with his writings because it has not helped us in the past, neither today, nor tomorrow.

I would rather have Sir Jim Ah Koy who does not have a Doctorate but is a Millionaire and not someone with a Doctorate but a Nillionaire.

Clan of Ten

Kai Narauyaba said...

Na yacamu beka ko 'Yavusa Tinitini??????

I'm just wondering how you are managing jumping from the frying pan (Koi Waimaro) into the fire, now using Clan Of Ten'.

What are you implying by this cover name of Clan Of Ten? Are u talking about the "Yavusa Tinitini' or what is it are u refering to?

If this is the case, then I hope that the blood that courses through your veins entitles you to use the name.

Otherwise, BEWARE!!!!!!

Clan of Ten said...

@ Kai Narauyaba

Io sai koya dina oqori...Yavusa Tinitini.

Certainly, I would not be using these names if I was not entitled to them.

Thank you for the warning .........

Clan of Ten

Anonymous said...

Clan of Ten, just one question : if your junta is doing so well and looked upon favorably by all in Fiji,

then why the draconian media decrees,

why the indefinite PER,

why the arbitrary detentions and sackings of professionals who play by the book, and...

why hide your real identity? Who are you afraid of?

Palari thieving, kanaloto LOSER!

Anonymous said...

Anonymous Anonymous said...
@Tax Lax
It is not as simple as saying the NZ scheme for single rates are at least 4 times Fiji rates. The NZ rates you have quoted are based on retirement at 65 but in Fiji retirement is at 55.

The NZ Superannuation scheme you have quoted provides a pension payment at 65 at a $ amount that is the same for everyone (irrespective of their earnings)who qualifies in the respective categories.

The Fiji FNPF pension $ amount is totally dependent upon how much you have contributed into the system during your working life.

This of course is not to say the NZ scheme is better or worse.
November 30, 2011 9:48 AM

Capt. Chaos said...

Anony mouse 12.04am,Air pacific cannot afford the Boeing 787 dipshit !!It can only set it's sight on affordable jets available.The A330 is far more superior than a B767,B747 and even A300,A310.Those are the only choices Air Pac has and out of these ,only the A330 cuts metal,and the A340 (OLD) IS TOO SLOW ON CLIMB AND CRUISE PERFORMANCE.
Whoever you are mouse ,you are guessing a wrong person,I used to work for Air Pac in Logistics and I fly B777 for my current employer in Hong Kong

Clan of Ten said...

Anon@ 12.45
Yes we are doing well and this is why Australia, the US, France and other neighbouring states are worried that Fiji's influence in Asia [not Asia's influence in Fiji] may shift the Pacific reliance from Aust to Fiji.
Tourists are flocking to Fiji and we could be reaching the $1bn target this year. The Mineral Resources Department is also in the process of achieving its 1bn target, our export revenue is increasing and imports decreasing. The International Bank is interested to open its branch in Fiji, investments are increasing, and infrastructural developments are progressing well.
The Media Decree and PER is necessary for people like you who have nothing better to do but to blame others for your own downfall.
The ANZUS group is truly worried because the Pacific Asia region which used to be the ‘ANZUS Lake’ is now anyone’s lake and Fiji though small it may be is also a contender for this lake. Our strength and asset is in the people, our faith is in God, and our economic progress is now in the hands of our leaders who are sweating it out there silently, in spite of the slanderous and damning comments coming out of this blog.
Well gone are the days when Fiji used to be a State surviving on an ‘Aid driven economy’; that has changed and now it’s in the process of becoming a stable state with ’Investment driven economy’ in the likes of Australia and the US.
The international body is now looking towards Fiji with the great expectations and faith that we will change from being a discriminatory state to a fair and equal opportunity state.
May God Bless Fiji

Clan of Ten

Anonymous said...

Clan of Ten, you need your head checked..

Anonymous said...

Capt Chaos...What else do you know?
Apart from flying nothing?

Taukei 5. said...

@ Mataqali 10.
"'The International Bank' is intrested to open a branch in Viti". Bet they are - opening a branch (monetary laundry mat) on a faraway Island run by a gang of opportunist Pirates will always appeal. Way things are heading looks like Viti could have invented its very own Time Machine? This will be demonstrated by transforming modern Suva into Old Levuka.

As for your observations regarding 'ANZUS Lake'.
Realise this will come as a big shock but you are not alone in this vast Pacific (south)place - you have neighbours - & whether you like it or not the ANZUS gang are the biggest & most powerful.

Suggest you peoples time could be more productively employed researching the historical records regarding the damming evidence against the long term effects of large commercial mining has on small isolated Islands & their Communities?

Your vision of achieving a fair & equal state without popular support of those you purport to represent is a dangerous delusion.

If those who control & supporters of this regime believe they have popular support why the reluctance to immediately call free & open elections & stand as candidates?

Maybe an absence of an indemnity clause for those responsible for some pretty serious human rights violations is causing problems?

Radiolucas said...

@ Clan of ten

"sweating it out there silently"?

Where? Over an afternoon grog bowl?

All Frank, Aiyaz and the rest of the kalavo do is take extended holidays to UN events, then bitch and moan about how nobody likes them and think of new ways to extort money.

We KNOW about their foreign DUBAI bank accounts set up by Aiyaz's Auntie - they get a cut from each foreign loan they "negotiate" for the rest of us to pay back.

Why? So they have some more holiday money when they finally are forced from power. Disgusting.

Taukei. said...

@ Clan of 10.

You believe in what you write then go up to Naitisiri and preach it there - see how you go? Survive this call in on Bau & Rewa?

Suggest get a Taukei friend to make arrangements.

Clan of Ten said...

Anon 10.57

What are you implying.........

The Vnaua vakaturaga ko Bau Naitasiri and Rewa are not unreasonable .....remember they are educated and also have the wisdom to know what is best for us all.

Please do not try and disgrace these Vanuas.

Clan of Ten

Annon 1. said...

Reason private banks (AUS) won't lend is they know this regime has no standing under law.
You cannot knowingly enter into a legal contract with a known illegal entity and expect protection under a future lawful jusristiction. (legal no brainer).
AUS banks have a chequered history regarding their duty of care towards shareholders funds and how they are used - fortunately this time they appear to have got it right morally & legally.

Taukei. said...


What part of part of going to Naitisiri Bau & Rewa and preaching treasonous dribble don't you understand?

Suggest mentioning Ratu Inoke in the first leg of your journey will save you people a lot of travelling.