Do not touch contributions

THE partial privatisation urging superfunds to invest in State Owned Enterprises sounds like a rescue strategy proposal.
What makes me think that way is that, I never read too much about SOEs such as Air Niugini, National Development Bank, Motor Vehicle Insurance Ltd and PNG Ports in the print media.
Water PNG, Eda Ranu, PNG Power and Telikom PNG are always making headlines and these were the same SOEs the Nasfund Chief has mentioned as reported last Tuesday in The National (page 35).
Why squander our contributions and invest with SOEs with bad management reputation?
Kumul Consolidation Holdings Ltd (KCHL) needs to look into issues affecting these SOEs and help strengthen their accountability and depth recovery systems.
SOEs such as Water PNG, Eda Ranu and PNG Power suffered because government departments cannot pay their utility bills.
Ongoing in-house issues is one of them.
We cannot solely blame the impact of our economy.
People are behind these organisations.
By looking at this line of issues, my retirement savings can be jeopardised if these SOEs continue to operate that way.

Annoyed Contributor,
Lae