Welcome to the National Retirement Benefits Fund and Social Welfare

The National Retirement Benefits Fund (NRBF) was established as an autonomous institution by an Act of Parliament, the National Retirement Benefits Scheme (NRBS) Act 2010. His Majesty’s Cabinet declared the 1st December 2011 as the effective date for the Act and the establishment of the Fund.
The purpose for the establishment of NRBF is to provide benefits in respect of retirement at age 60 up to 70, permanent total disablement, early release, or death of a member as specified in the Act and Regulations. NRBF has been established with a vision to provide a secured organization enabling the people of Tonga to have a secure retirement through life-long income in their old age. NRBF also promotes national savings and investment capacities that provide the working Tongans with a sense of security and confidence in their old age. Undoubtedly such accumulation of funds will stimulate growth in the economy of Tonga.

Subject to section 19(1) of the NRBS Act 2010, every employer having one or more employees, other than those in respect of whom the Board has issued a certificate of exemption, and his employees shall be liable to contribute to the National Retirement Benefits Scheme. Thereby, every licensed employer in Tonga shall be registered with the Fund.

The commencement date for contributions to the Fund is the 01st July 2012 as per regulation 3 of NRBS (Administration) Regulations 2012.

Where any person registered as an employer intends to cease being an employer, he shall notify the Fund as soon as practicable.

The Social Welfare Scheme started on the 01st September 2012 for Tongan elderly person whose age is 75 years old or above.  The elderly member of the Scheme receives $65 on a monthly basis. You may find out more information on the “Social Welfare” tab.

LATEST UPDATES


Appointment of Directors for the National Retirement Benefits Fund (NRBF) Board of Directors

 

The registered employers and employees for the appointment of the seven (7) new directors as stated in the regulation have been divided into the following Sectors for nomination purposes –

  1. Churches;
  2. Private businesses;
  3. Public enterprises and statutory boards.

Each Sector is required to nominate two (2) nominees no later than the 18th August 2015, that is, fourteen (14) days prior to the expiry of the current term of office. The Chief Executive Officer of the Fund shall submit the names of the nominees within seven (7) days after receiving the nominations for the official appointment of the new directors by the Minister of Finance and National Planning.

Each Sector has advised the responsible authorities for carrying out of the nomination procedure and processes. They are the Tonga National Forum of Church Leaders; Tonga Chamber of Commerce & Industry for the Private businesses, and the Ministry of Public Enterprises for the Public enterprises and statutory board. The remaining director shall be nominated by the current Chairman of the Board.

To all registered employers and members of the Fund, you are hereby advised to liaise with your nominating Sector or contact the National Retirement Benefits Fund Head Office at Vaha’akolo Road, or the Outer Islands Offices should you need further information. The National Retirement Benefits Fund (Appointment of Directors) Regulations 2015 can be access at the official website: www.nrbf.to or telephone 28833.

NATIONAL RETIREMENT BENEFITS FUND.

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