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The National Superannuation Fund (NASFUND) of Papua New Guinea (PNG) was established in May 2002, as the successor entity to the National Provident Fund (NPF). It is the largest private sector superannuation fund in PNG. [1] In 2016, NASFUND reported net assets of PGK4.22 billion, representing a 28% growth on 2015. [2]
Whilst Minister for Finance, Kaputin was instrumental in crafting important legislation to establish Papua New Guinea's private company employees retirement fund, the National Provident Fund, which later became the National Superannuation Fund of Papua New Guinea NASFUND. [4] Kwila Insurance was also introduced under Kaputin.
Papua New Guinea: No: Mandatory occupational retirement system: N/A: N/A Philippines: Social assistance: Social insurance system: N/A: N/A Poland: Basic pensions for mothers of four or more children from March 2019: Notional Defined Contributions: Voluntary Open Pension Funds : Voluntary individual accounts: Occupational Pension Programs
New Zealand Superannuation Fund Metadata This file contains additional information, probably added from the digital camera or scanner used to create or digitize it.
The New Zealand Superannuation Fund (Māori: Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand.New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ...
The Papua and New Guinea Development Bank (which later became the National Development Bank Limited of Papua New Guinea) commenced operations on 6 July 1967 from an office in Port Moresby. [1] The Bank played a significant role in the economic development of the country immediately prior to and after it achieved independence on 16 September 1975.
Flag of Papua New Guinea. Papua New Guinea joined the International Monetary Fund on October 9, 1975, one day before uniting with the United Nations. [1] However, still in the early stages of independence which they gained on September 16, 1975, Papua New Guinea found itself in the face of turmoil due to political and economic mismanagement. [2]
A move to a partially pre-funded or "smoothed pay-as-you-go" system came with the establishing of the New Zealand Superannuation Fund under the aegis of Labour Minister of Finance Michael Cullen in 2001. In July 2007 the Fifth Labour Government introduced KiwiSaver as a voluntary retirement-savings scheme on top of New Zealand Superannuation ...