The annual recognition of employers’ efforts in having their members’ contributions sent in on a timely basis to the National Superannuation Fund (Nasfund), is to ensure members get the best from their life savings.
That was the message from the Deputy Chair of the Nasfund Board Mr. Anthony Yauieb in his address at the recent 7th Annual Nasfund Employer Awards 2024 in Port Moresby on Thursday 8th May.
He stressed on the importance of members’ contributions, stating that the Superannuation Act 2000 guides superfunds to ensure employers on a regular basis submit their employees’ contributions, updating their savings to ensure when they retire, they are financially secured.
He said the Annual Nasfund Employer Awards celebrates the outstanding achievements and unwavering dedication of the employers (organizations contributing to the superfund) for contributing to Nasfund.
“Since 2017, the awards have fostered strong collaboration between employers and Nasfund, ensuring the wellbeing of our members during retirement,” said Mr. Yauieb.
“So, this event has become a cornerstone of our efforts to promote compliance and corporate governance.”
Referring back to the Superannuation Act 2000, he said adherence to it ensures financial security and wellbeing for the employees, which is one of the benefits of contributing to superfunds.
Mr. Yauieb went on to thank the contributors, its members.
“Our employees play a crucial role in the superannuation system,” he said.
“Your unwavering commitment fortifies our nation’s economic stability. You are our integral part of our progress.”