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24 May Loan Offsetting

Posted at 14:27h in News by

Following the decision of the Management Committee of the Hotel Provident Fund, the Fund has proceeded to offset Loans with a Provident Fund for those members who wished, in accordance with the instructions of the Professional Retirement Benefit Officer.

Settlement has taken place on 1 February 2017 and related to 500 Members, amounting to € 10,760,188, only 20.7% of the Loans of the Fund.
This also shows the confidence of Members towards to their Fund.

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