Nambawan Super Limited (NSL) took a significant step in its 2025 stakeholder engagement by joining over 2,500 teachers at the Sioni Kami Memorial Church for the Teachers Dedication Service in Port Moresby city today. This marks NSL’s first major event of the year and highlights the important relationship with the education sector, which comprises approximately 50% of NSL’s membership base. At the event, CEO Mr. Paul Sayer addressed the teachers, emphasizing the importance of updating beneficiary information and investing in their future through voluntary contributions. Mr. Sayer encouraged the teachers to take full advantage of NSL’s offerings, including the FREE Financial Literacy Program designed to help members achieve a financially secure retirement. "We want to ensure that our members are well-prepared for retirement," said Mr. Sayer. "Updating beneficiary lists and considering additional contributions not only secures your future but also positions you for opportunities like Housing Advances," he further explained. In addition to these important messages, Mr. Sayer shared positive news for long-term contributors. He thanked the government on behalf of NSL’s 235,000 members for the decision to remove a 2% tax on retirement savings for those who have contributed for 15 years or more. This change, set to take effect this year and will allow eligible members to access their full superannuation savings upon retirement. In addition to the announcement, NSL shared preliminary financial results for 2024, with a current interim crediting rate of 6%. The final interest rate for 2024 is expected to be one of the highest in recent years. The results highlight NSL’s solid performance amidst challenges, with significant payouts to members, including K450 million in benefits and K106 million in housing advances to support homeownership for over 5,000 members. The event also provided an opportunity for NSL to address queries and collect updated member details from teachers ahead of the new academic year.