S.N.P.F. Savai'i office not nearing completion
The construction works for the soon-to-be Samoa National Provident Fund (S.N.P.F.) state-of-the-art office complex in Savai'i that was proposed to be completed by this month is underway and not nearing completion.
Located at Salelologa near the market, the T$7,806,698 project commenced its construction works in May 2020.
A photo of what the office is going to look like was uploaded by the Schwartz Construction Company, in July last year.
Schwartz Construction Company was awarded the building contract by Cabinet and the photo revealed that the building is a two-storey fancy looking office.
At the time of the groundbreaking ceremony, the Prime Minister, Tuilaepa Dr. Sa'ilele Malielegaoi, said that the need for the S.N.P.F to have a Savai'i office is critical.
"The Samoa National Provident Fund was established some 48 years ago in 1972 when the Government saw the need for our people to have an avenue to save money for retirement," he said.
The Fund, according to Tuilaepa, has grown from humble beginnings to what it is today, which is a Provident Fund with assets exceeding T$815 million.
"However, there has been one thing that has been missing all along and that is the fact that S.N.P.F. has never, in its long history, owned an office of its own in Savai'i," he added.
"That is why, with Cabinet’s blessing, the Fund will be building a state-of-the-art office complex on this very land where we are gathering this morning."
Tuilaepa went on to say that once the work is completed, S.N.P.F will be "better equipped to serve our people in Savaii with their member contribution payments, withdrawals, loans’ applications and assist our senior citizens with their pensions and other benefits."
The construction work is expected to be completed by January 2021.