Mohammed Hassan Khan, a member of the National Council of Older Persons (NCOP), has raised alarm over the increasing hardships faced by senior citizens in Fiji, emphasizing the urgent need for enhanced social and economic protections. He asserts that pensions, a critical safety net, must be increased to align with the rising cost of living that many older citizens are grappling with.
Khan noted that pensioners who rely on modest pensions, family assistance, or dwindling savings are struggling as prices escalate, making it increasingly difficult for them to maintain their livelihoods. He highlighted the challenges posed by the surging costs of fuel, food, and transportation, alongside the long-standing impacts of the global financial crisis and the depreciation of the Fijian dollar. The current inflation rate has significantly diminished purchasing power, prompting Khan to proclaim that at least a 20 percent increase in pensions and allowances is necessary for a meaningful improvement in the living conditions of elderly citizens.
In a critical analysis, Khan condemned the 2012 reduction of pensions from the Fiji National Provident Fund (FNPF), arguing that those who have contributed to the system for decades rightfully deserve the security of a stable income in retirement. He pointed out that the funds deposited by FNPF members have been utilized for investments and loans, leaving pensioners questioning the returns on their lifetime contributions.
Khan emphasized that pensions are not just financial support; they are vital for ensuring dignity, independence, and stability for older individuals. He argued that they play a key role in alleviating poverty and reducing dependency within families, allowing seniors to live with the autonomy they deserve.
He called for immediate measures to improve the conditions for elderly Fijians, including the introduction of free medical services, tax concessions for families caring for seniors, a minimum monthly allowance of $200 for those with no income, subsidized transport, and the removal of taxes on retirement savings. Khan firmly stated that the time for action is now, arguing that pensions should be recognized as a fundamental right.
He concluded by advocating for an increase in pensions to guarantee income security and preserve the dignity of the older population in Fiji, reinforcing the essential role that social support systems play in fostering a caring and equitable society.