The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.

The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.

Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.


Projected super balance at retirement:

The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.

Retirement age:

We have assumed a default retirement age of 65. This can be adjusted in the calculator.

Working life:

The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.

Interest rate:

The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.

Employee contributions:

PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.

Employer contributions:

PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.

The Pre-2009 Unpaid Public Service Employer Contributions, sometimes referred to as Unfunded State Share contributions, affects Members employed in the public service prior to 2009 and have retired after December 2015. Affected Members will have a portion of unpaid Employer Contributions that is to be paid separate to your accumulated retirement benefits.

Have my benefits been received from the State?

Pre-2009 Unpaid Public Service Employer Contributions

Members or the beneficiaries of Members that exited Nambawan Super during this period, and have not received the remainder of their retirement benefits, are encouraged to visit their nearest Nambawan Super Branch to withdraw your entitlements.

Nambawan Super continues to work closely with the State to settle the backlog of affected Members. The Board and Management Team are committed to resolving the Unpaid Public Service Employer Contribution issue in full. We understand that Public Servants who are still members of the Fund want to retire with certainty having faithfully served the State.

More than 6,000 Members have already come forward to receive their final superannuation benefit. Nambawan Super has funds for many Members who are yet to come forward and claim funds that are now available.

What you need to know about Pre-2009 Unpaid Public Service Employer Contributions

Unpaid Public Service Employer Contributions will be paid out to affected, exited Members (or the beneficiaries of late Members) with accrued interest and less tax, once the funds are paid in full by the State.

When Nambawan Super receives any amounts for Unpaid Public Service Employer Contributions from the State, we pay out Members in the order that they have been waiting, with those waiting the longest to be paid first.

This means, when you retire you must fill-out and lodge a Separation Authority Form to receive your funded superannuation payments as well as a State Share Withdrawal Form to receive your Unpaid Public Service Employer Contributions once it is funded by the State.

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Prior to 2002 the State (Government Departments and Agencies) was not required by law to remit employer contributions to an Authorised Superannuation Fund (ASF). It was legal practice to calculate superannuation entitlements as the public servants retired.

Legislative changes that commenced on 1 January 2003 directed that State Departments and Agencies were to pay super contributions to an ASF during the term of a public servant’s employment.

The Bank of Papua New Guinea allowed the State six-years to gradually increase from paying no employer contributions, to paying the 8.4% required under the Superannuation (General Provision) Act 2000 (the Act).

  • 2003 – 2004 the State paid 2.1%;
  • 2005 – 2006 the State paid 4.2%;
  • 2007 – 2008 the State paid 6.3%; and
  • From 2009 the State paid 8.4%.

In 2009, the State hadn’t yet introduced a payroll system to facilitate the correct employer contributions automatically. Whilst the State made some employer contributions throughout the period, it wasn’t until 2013 that the State’s systems were able to accurately remit the 8.4% employer contributions each fortnight, which were then credited to individual Member accounts.

When the change in legislation came into effect, NSL worked closely with the State to ensure that former public servants, with unpaid employer contributions accrued prior to the Act taking effect, received their full benefit when they exited Nambawan Super. This includes all funds that were unpaid from prior to 2002 and the portion of superannuation that was unpaid from 2003 – 2012.

In December 2015, Nambawan Super made the hard decision to no longer pay Unpaid Public Service Employer Contributions upfront on behalf of the State when public servants retired.

Prior to December 2015, Nambawan Super paid out all owed super benefits to Public Service employees, including Unpaid Employer Contributions, and then invoiced the State for payment. However, during 2014 and 2015 the State failed to consistently pay its invoices.

Nambawan Super stopped paying out Unpaid Public Service Employer Contributions to protect the wider Membership from an issue that is only relevant to a portion of the Membership. It was, and continues to be, a hard decision to make as Nambawan Super understands the impact it has for public servants with an Unpaid Employer Contributions who have to wait to receive their full entitlements.

Court action in 2017 and 2018 has guaranteed the safety and security of all Nambawan Super Members’ contributions – whether they are from the private, not-for-profit or public sector – by confirming that it is the State’s obligation to pay the Unpaid Employer Contributions.

The State has made and continues to make efforts towards recognizing and meeting this obligation.

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