Membership

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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.

Latest News

Normal Rate Contributions

Employees contribute 6% of their gross salaries and the employer contributes 8.4% on behalf of each employee. Employee contribution of 8.4% while it is based on the employee gross salary is paid by the employer from its own funds.

Employers are not allowed to reduce wages to avoid liability to pay mandatory contributions under the Superannuation (General Provisions) Act 2000. Remember that both employee and employer minimum prescribed rates are multiplied with the gross wages to arrive at the respective employee and employer contributions to the Fund.

Any variation in the employee's gross pay will also affect the member's superannuation contributions remitted to Nambawan Super.



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		Membership
		Access your Nambawan Super member database here. >> Click here to login Members Online Database Contact us online by sending us an email now. >> Send Email here Email Us 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. Latest News Normal Rate Contributions Employees contribute 6% of their gross salaries and the employer contributes 8.4% on behalf of each employee. Employee contribution of 8.4% while it is based on the employee gross salary is paid by the employer from its own funds. Employers are not allowed to reduce wages to avoid liability to pay mandatory contributions under the Superannuation (General Provisions) Act 2000. Remember that both employee and employer minimum prescribed rates are multiplied with the gross wages to arrive at the respective employee and employer contributions to the Fund. Any variation in the employee's gross pay will also affect the member's superannuation contributions remitted to Nambawan Super.