Study on alternatives to social insurance system
Suva, Fiji (2006)
Pursuant to a resolution by the Nitijela in October 2004, a special committee was appointed by the Speaker to review the Marshall Islands Social Security System, and look at other forms of retirement schemes as possible alternatives to the current social insurance system adopted by the Marshall Islands.
One particular scheme commonly known as National Provident Fund system is now being studied.The present social insurance system was introduced in the Marshall Islands in the early 70’s during the Trust Territory period and formalized by an act of the Nitijela, commonly referred to as the Social Security Act of 1990.
To date, however, there has not been any comprehensive review of the system to determine its efficiency, successes and failures with respect to the benefits and privileges to its contributors and their immediate families.
As requested by the special committee, MISSA has initiated a comprehensive review of other alternative schemes.
In 2006, Saane Aho, MISSA Administrator and Senator Maynard Alfred, Chairman of the Nitijela Special Committee on Social Security, visited and met with top officials of Fiji National Provident Fund (FNPF) and the International Labour Organization (ILO) based in Suva.