Q:
What happens to the contributions made by a dismissed personnel?
A:
As a reminder, note that personnel get dismissed result of a punishment to offences committed. usually, dismissal result in loss entitlement. therefore, the NAFF Articles of Association inherited from NAFWIS provides that the dismissal personel will lose his/her contribution. until the law is changed, the law will be followed. Also note that part of your relationship with the Foundation is compulsory while part is voluntary. notwithstanding the existing regulation, personel will not lose VMC contribution when dismissed.
Q:
Is it possible for NAFF to take over NHF for NAF personnel, since most personnel are finding it difficult to access their contribution?
A:
As you are aware, NHF contribution is a Federal Government policy. From our investigation, staff of most organizations, including NAF personnel find it difficult to access the NHF contributions. However, because it is Federal Government policy, NAFF can not stop it. As a way out of this quagmire, the Foundation now came up with the concept of Voluntary Mortgage Contribution Scheme (VMC). The Scheme was introduced to fill the gap created by NHF in the quest for NAF personnel to own their own houses.
Q:
Is there any fixed amount to open the VMC account?
A:
The minimum amount to open the VMC account is 1% of personnel salary while the maximum amount is 33% for now. Furthermore, personnel may wish to pay more funds in addition to the normal monthly percentages deducted from salary. This will ultimately add up to the normal contributions.
