The current employer contribution to the National Superannuation Fund sits at 8.4 percent.
This has not been revised since 2008.
Nasfund chief executive officer, Rajeev Sharma, said this was on the agenda during the CEOs’ breakfast in Lae this morning.
“If you look at Australia, employer contribution in Australia is going to be 11.5 percent from 1st of July,” he stated. “And in Australia, not only that you have 11.5 percent contribution; even if you don’t have any contribution, government pays your pension.