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What is member voluntary contribution? Extra contribution above mandated member 6%. Why increase your member contribution? Earn high returns on interest.
How do I withdraw money from nasfund?
A. Unemployment Duly complete Nasfund Withdrawal Forms. Confirmation letter from the last employer. Confirmation letters from previous employers (if any). Salary Bank Account Statement. Copy of valid ID (Nasfund, Passport, work ID).
Is superannuation compulsory in PNG?
Papua New Guinea does not have a social security system. However, there are compulsory superannuation contributions for PNG citizen employees (superannuation contributions are not currently required for non-citizen employees but may be made on a voluntary basis).
How is nasfund contribution calculated?
The employee contributes a minimum of 6% of his/her gross salary paid after tax and the employer contributes 8.4% on behalf of the employee.
Is nasfund compulsory?
Compulsory Contributor Every employer employing 15 or more employees. Every employee receiving pay from above employer.
nasfund forms new membership
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The employee contributes a minimum of 6% of his/her gross salary paid after tax and the employer contributes 8.4% on behalf of the employee.
What is the purpose of nasfund?
nasfunds' primary purpose is to provide its members (or their beneficiaries) financial protection at retirement, loss of employment, death, disability to work or when the normal flow of income is suddenly cut off.
How do I withdraw money from nasfund?
You cannot withdraw your funds from nasfund. You will have to transfer your Funds from nasfund to your current contributing Superfund (Nambawan Super). What is the process to transfer my Funds? You will have to go through the same process as withdrawing your FUNDs.
How do I get a nasfund ID card?
To obtain a NASFUND Membership Iden\u019ffica\u019fon Card, visit a branch office near you. The cost of an ID card is K10. Members can now access their NASFUND account on the new NASFUND Member Online Portal. Members have the op\u019fon to contribute above the minimum prescribed rate of 6% towards their superannua\u019fon.
What is nasfund voluntary contribution?
What is member voluntary contribution? Extra contribution above mandated member 6%. Why increase your member contribution? Earn high returns on interest.
nasfund update form
Report of the Treasurer for the Year Ended December 31, 2007
Read chapter 2007 Treasurer Statement: Report of the Treasurer for the Year Ended December 31, 2007...
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