25 Feb 2010

300,000 PNG Nasfund superannuation members savings increase

11:28 am on 25 February 2010

More than 300,000 working Papua New Guineans, members of superannuation fund, Nasfund, will see their savings increase by 15 per cent from today.

Nasfund joint chief executive officer, Ian Tarutia, announced the news yesterday when declaring a net profit after tax of 75 million US dollars for 2009.

The Post Courier reports Nasfund shut down its normal daily operations at midday to allow crediting to take place and normal operations will resume today.