In 2021, the overall economic environment in PNG was challenging. However, businesses continued to be resilient, with many ensuring that their employees remained employed, and their superannuation contributions up to date.
In recognition of their efforts, the National Superannuation Fund Limited is pleased to announce the fourth Annual Employer Awards night for 2021 – an occasion to acknowledge the support, cooperation and partnership of all Nasfund’s contributing employers.
The Awards will recognize the best performing employers who have complied with the Superannuation (General Provisional) ACT 2000, especially sections that govern the remittance of contributions, registering new employees as members and proper completion of forms to enable benefit payments to be paid.
Winners will be announced at the Awards Night on Thursday 27th January, 2022.
In announcing this event, Chief Executive Officer Ian Tarutia thanked all employers who had continued to comply with the Act as well as maintain timely contributions, despite the difficult economic environment, over the course of 2021.
“Much like 2020, 2021 was a very difficult year for businesses, with many having to adapt their operations to ensure that workers continued to remain employed. We acknowledged that a majority of our employers continued to not only maintain their superannuation contributions in a timely manner, but on-board new employees. This is commendable and must be recognized.
As Papua New Guinea’s leading superannuation provider, we want to acknowledge the efforts put in by employers. It reflects a good governance culture, a respect for their workers and a respect for the law protecting workers in times of unemployment or to enjoy a dignified retirement. We look forward to announcing the winners on the Awards Night later this month”, said Tarutia.
Winners in the Annual Employer Awards 2021 have been categorized into three categories;
· Category A – Employers contributing more than K100,000 per month
· Category B – Employers contributing between K50,000 and K100,000 per month
· Category C – Employers who contribute less than K50,000 per month
The best performing Employers in these three categories will be vying for the following awards;
1. Most Compliant Employer 2. Best Employer Voluntary Contributions 3. Best Member Voluntary Contributions 4. Most Compliant Account Maintenance 5. Most Compliant Benefit Payments 6. Best Eda Supa Employer and 7. Nasfund Chairman’s Awards
Nasfund would like to thank the commitment and efforts of all contributing employers around PNG and looks forward to recognizing employers who have performed exceptionally well in 2021, at the upcoming Awards Night.
