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At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund.
- Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus.
- New Kiosks locations, working along with POST PNG.
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Employee Rate of Contribution
Employees must contribute the following percentage of their earnings to an ASF:
All other employers -
- 5.5% from 1st January 2005 to 31st December 2007
- 6% from 1st January 2008 onwards
Public Sector Employers - 6%