700 farmers begin superannuation contributions

SMALLHOLDER oil palm growers who supply to the New Britain Palm Oil Ltd (NBPOL) can make retirement savings with the National Superannuation Fund (Nasfund).
Through the Fund’s Eda Supa product, 700 smallholders have signed to begin superannuation contributions under this arrangement with the launching last Friday. An initial member contribution of K100,000 was given to Nasfund by NBPOL on behalf of its first batch of smallholder growers who registered.
Nasfund chief officer for member services Anne Wilson, thanked NBPOL for assisting to facilitate superannuation contributions for smallholder grower.
“This strategic partnership with NBPOL now enables our smallholder growers to have peace of mind that their hard work will reap rewards when they retire, with superannuation savings being contributed to Nasfund,” Wilson said.
“You join our more than 500,000 members in saving for retirement who also save with Nasfund.”
The benefits are:

• annual interest paid on savings;
• access to the housing advance scheme;
• discounts with members discount programme partners;
• access to members online portal;
• access to branch facilities in WNB and call centre; and,
• access to Savings & Loan Society NCSL.