Retirement is not simply about how much money a person receives on their final day at work. It is about how well those savings can support the life they want during retirement.
This was at the heart of Nambawan Super Limited’s (NSL) recent engagement across Western Province, where over 50 retirees in Daru, Kiunga and Balimo took part in retirement savings awareness and financial literacy sessions.
Travelling across to Balimo from Daru, NSL delivered its first retirement-focused session in the area, providing Retirement Savings Awareness (RSA) and Financial Literacy Training Module 3 – Planning for Retirement to six retirees from the Western Provincial Health Authority (WPHA).
The sessions gave participants an opportunity to better understand their superannuation, consider their financial needs after employment and think about the kind of life they want to build in retirement.
For the six WPHA retirees in Balimo, the discussion was particularly meaningful. After years of working and contributing to their superannuation, participants reflected on the reality of leaving the workforce and what comes next.
It was an emotional session, but also one described by participants as informative, interesting and relevant. They expressed their appreciation to NSL for travelling to Balimo and bringing the program directly to them.
The engagement also highlighted the important role of Employers in supporting sustainable retirement outcomes.
A responsible Employer’s role does not end with providing employment. Helping employees understand their superannuation and prepare for life after work can give them greater confidence as they transition into retirement.
NSL Chief Executive Officer, Mr. Lachlan Baird thanked the WPHA for its partnership and support in enabling a representative of the Fund to travel to Daru and to Balimo, engaging directly with its Members.
“WPHA has demonstrated care for its people by creating an opportunity for its employees to better understand and prepare for life after work”
“Retirement planning is not just about looking at the amount of money you receive when you finish work. It is about asking whether your savings will support the life you want to live in retirement,” said Mr. Baird.
“Partnerships with Employers are important in helping Members prepare for their future in retirement. Retirement is not the end of the journey, it is the beginning of a new chapter, and the better prepared we are for that chapter, the greater the opportunity for a sustainable and fulfilling retirement.”
Taking financial education directly to Members in Daru, Kiunga and Balimo reflects NSL’s commitment to reaching every to Member wherever they are.
NSL believes that achieving the best possible retirement outcomes is a shared responsibility between Members, Employers and the Fund, and remains committed to helping Members build the knowledge and confidence they need throughout their working lives and into retirement.
For those who participated across Western Province, the message was simple: retirement may mark the end of working life, but it is the beginning of a new journey. The goal is to enter that journey prepared, informed and financially confident.
