Smare: Pay-offs up to date

NAMBAWAN Super chairman Anthony Smare says the State is up to date with its payments on exiting members.
Smare said this when announcing the fund’s 2019 financial results last week.
“It is a tremendous achievement because at one stage, they were K400 million to K500 million behind and we had members waiting for over a year for their funds,” he said.
He attributed it to the strong work by the management supported by the membership committee, unions and membership groups that are part of our fund.
“We were able to secure an outcome and secure the support of the Government,” he said.
“I must thank the Government for the work they have done to address this issue over the past three years. We have been able to get that up to date.
“That is fantastic because it has allowed our members who were affected to retire with all their funds intact and can make an educated decision on whether to take their money out or leave their money in.”