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Employee Contribution Rate

Employees contribute 6% of their gross salaries and the employer contributes 8.4%, which is based on the employee gross salary and is paid by the employer from its own funds.

Members may if they wish, make additional voluntary contributions from 6% up to a maximum of 15% of their fortnightly gross salary to the Fund to maximize their superannuation savings with the Fund. The employer may also increase its portion from 8.4% to a maximum of 15% if it wishes to do so on behalf of its employees.

The new Superannuation (General Provisions) Act 2002 provides for both employee and employer contributions to be remitted to an Authorized Superannuation (ASF) on regular basis. Employer must remit their employer contributions within 14 days of the end of each month and employee contributions are required within 14 days of date of deduction.

Now employers have a choice of which Superannuation Fund they want to join and remit their contributions to.

Pacific Foam partners with NSL for Members comfort

Pacific Foam partners with NSL for Members comfort

Nambawan Super Limited (NSL) is excited to announce the signing of its Discount Partnership Agreement with Pacific Foam Limited, which will see Port Moresby based Members of the Fund find comfort in discounts on items purchased directly from Pacific Foam. Pacific Foam...

Kiunga Branch Opening

Kiunga Branch Opening

Nambawan Super Limited (NSL) is pleased to have officially opened its Kiunga Branch today with the support of its Members, Employers and community leaders from the area. The Branch was opened by Nambawan Super Member representatives including Nurses, Police and...