NAMBAWAN SUPER SUPPORTS TEACHERS DURING DEDICATION SERVICE

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Nambawan Super Limited (NSL) this week, joined over 2,500 teachers at the Sioni Kami Memorial Church in the National Capital District, to witness the Teachers Dedication service organized by their employer, the Teachers Service Commission.

This is NSL’s first major stakeholder engagement for 2025, and it is fitting that it is with Teachers who make up the largest Membership base for NSL. The Education Department makes up approximately fifty percent (50%) of the total membership base of Nambawan Super.

Speaking during the event, Chief Executive Officer (CEO), Mr. Paul Sayer encouraged Teachers to update their beneficiary lists and Member bio-data, to invest in their future and consider making additional contributions through Voluntary Contribution, which also positions them for Housing Advance, and make the most of NSL’s services such as the FREE Financial Literacy Program available to all NSL Members, which aims to educate and empower Members so that they are equipped to take the necessary steps for a comfortable and financially secure retirement.

Mr. Sayer said NSL wants to make sure that their members are able to look after themselves when they retire.

Whilst speaking about retirement, Mr. Sayer also used the opportunity to thank the Government on behalf of all NSL’s 235,000 Members, for the recent announcement that Members who have been contributing for 15 years or more, would no longer have their retirement savings taxed two (2) percent upon withdrawal.

He says This change is expected to take effect this year in 2025 and is very good news for the Members who have been faithfully contributing to their superannuation savings for over 15 years, as this will mean they will have access to their full super savings upon retirement.

Pictures Supplied.

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