Purpose of VNPF
The VNPF is a financial institution established under an act of parliament that provides an opportunity for workers in Vanuatu to ensure their own future financial security.
Provident funds exist in the public and private sector all over the world. They are generally termed contributory schemes and are designed to encourage savings. Employers participate too by subsidising contributions made by employees.
Your fund assists you in providing for the future security of yourself and your family. When, for instance, you retire or become permanently disabled, or you migrate to another country, you can be confident that you will receive an income. When you die, members or a member of your own family whom you nominate will be looked after. It is particularly important for the workers of Vanuatu to be members of such schemes, because the country does not have a government-funded social welfare system that takes care of people when they can no longer work.