Former members yet to collect entitlements

SUPERANNUATION company Nambawan Super Limited (NSL) is still waiting for around 2500 former public servants to come and claim their entitlements.
Chief executive Paul Sayer said they had been waiting for about two years for their money.
“We are still trying to chase down 2500 people, asking them to come forward. We now have their money but we can’t contact them.”
He said some of the issues were to do with entry of data.
“When we talk to you about passing that data, please take us very seriously in helping the members have that information so that they can actually access their money saved over 30 years to get to that final point. It just sits there.”
Sayer said the Government had allocated K150 million in the 2019 budget as the State’s share.
He said unfunded component referred to unpaid employer contributions that Nambawan Super was yet to receive from the State.
The NSL won two court cases last year for the State to pay its share to the retired public servants from December 2015 to September 2018.
“NSL is asking that the State make a commitment to set aside an appropriate amount in each year’s budget for the ongoing requirements of public servants who will retire that year so that this delay in payment of member entitlements does not arise again.”