Papua New Guinea's National Superannuation Fund (Nasfund) is expanding its engagement with employers and churches to improve members' understanding of retirement savings and access to superannuation services.
Recent visits to Ok Tedi Mining Limited (OTML) and the Evangelical Church of Papua New Guinea (ECPNG) provided members with updates on their contributions and savings, while highlighting the importance of preparing financially for retirement.
During a visit to OTML's Kwalimu Haus in Port Moresby, Nasfund representative Tony Deilala presented data showing that many employees had accumulated substantial superannuation balances, positioning them for greater financial security after leaving employment.
Deilala credited the results to employer support and employees' consistent voluntary contributions, which can significantly strengthen retirement savings over time.
He also urged members, particularly those based at OTML's Tabubil operations, to update their member detail update forms and ensure their nominated beneficiaries were valid and up to date.
Nasfund is also extending its services beyond workplaces through partnerships with religious organisations.
In a separate engagement, the fund's Hagen branch team provided on-site services to ECPNG members and other church agencies in Tari, Hela Province.
Nasfund Highlands Regional Team Leader Pagel Yawani said the visit marked the fund's second engagement with ECPNG.
He thanked the church for its continued partnership, saying such outreach activities helped members stay informed about their savings and make better financial preparations for themselves and their families.
Nasfund Chief Executive Officer Rajeev Sharma said workplace and church engagements were part of the fund's broader effort to make superannuation information and services more accessible.
"Whether we are engaging with members in their workplaces or through churches, our purpose is the same: to bring superannuation information and support closer to them," Sharma said.
He said the engagements gave members opportunities to ask questions, understand their savings and prepare for retirement.
Through partnerships with employers in the resource and mining sectors and churches across PNG, Nasfund aims to improve superannuation literacy, expand access to member services and help workers build greater financial security in retirement.
