It is the responsibility of your first Employer to register you with TNPF by submitting the compulsory Member's Registration Form.
You are required to fill out the Nomination Form to ensure your funds are allocated to your loved ones in the event of death.
Your share of contributions is calculated and deducted at the time of payment of wages, which may be fortnightly or monthly.
You shall be required to contribute 13% of your gross earnings per month. Every Employer, on the other hand, will pay the TNPF contribution of 10%.
This means a total of 23% is paid into your TNPF account. From the total contributions received by TNPF for a member, 73.91% of the amount received with be deposited into the respective members' Retirement Account while 26.09% will be deposited into the respective members' MEDU account
Every year, the TNPF Board will meet to assess the level of profits earned by the Fund and will declare an interest rate that will be credited to all members accounts as dividend rate for the year.
At your first registration you are liable to get an Identification Card (ID) free of charge. This card can be used to access...
Keep your card in a safe place as it is a primary source of identification when requiring TNPF services and when you change employment.
Requesting for a new ID Card will cost you AUD$20.