The National Superannuation Fund (Nasfund) recently welcomed 800 new contributing members on Lihir Island.
They are employees of 200 landowner companies who provide services to Newcrest Mining Limited (NML), through Lihir Business Services (LBS).
All 200 landowner companies this week received their Employer Registration Certificates, confirming their membership to Papua New Guinea’s leading superannuation provider.
CEO Ian Tarutia in welcoming the newly registered employers, praised the management of each entity for their decision to provide a secure financial future for their employees through superannuation savings with Nasfund.
“The process in registering our new members is one that was made possible through cooperation from NML, LBS, and our Nasfund Lihir service centre.
“The bulk registration of our new members on Lihir island is one of the largest we have had, and is a testament to the great working relationship we have with the local business community.
This also demonstrates the importance that businesses, whether large or small, place on retirement savings for their employees.
As members of Nasfund, these members now benefit from our cadre of services, which includes our online platforms, TextBal service, and our popular Membership Discount Program (MDP).
We are committed to providing value for these members while they work today, so that they are ready for retirement, when the time comes,” said Tarutia.
In receiving the Employer Registration Certificates, Lihir Business Services Acting General Manager, Assumpta Wauwau, thanked the Fund for its efforts in ensuring all requirements were met, for the contractors to join Nasfund.
“This is a milestone for LBS in achieving the superfund compliance requirement for its 200 plus contractors under the LBS/Newcrest vendor agreement.
Having the Nasfund General Manager Member & Employer Services, Anne Wilson, on the island to handover the certificate signifies the importance of this achievement given the volume of employer and member registrations at any one time.
LBS commends the company owners and directors of the Lihirian owned businesses for their cooperation in registering with Nasfund, to safeguard the retirement savings of their employees.
The face-to-face meeting with the fund team leads over the duration of this exercise has also given assurance to the employers and new and existing Nasfund members on Lihir that they are just within reach should they encounter unexpected delays in resolving any of their superannuation related queries.”
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