The 7.2% interest shall apply to the National Provident Fund, Judiciary Retirement Fund and the Education Fund.
This will amount to some $35.4 million tala paid to members as interest.
SNPF Chief Executive Officer, Pauli Prince Suhren says the annual interest declared shall be credited to the above accounts by close of business on the 30th of June 2017.
Contribution balance as at 1 July 2016 is the basis for the calculation of the interest declared provided that no withdrawals were made within this financial year.
