Comrade Trustee Services Limited (CTSL). Unfunded Liability

K255m owed to DFRBF

Trustee and manager of the DFRBF, Comrade Trustee Services Limited (CTSL), says they are currently working hard to ensure the unfunded liability is paid this year.

Once the unfunded liability is settled by the State, CTSL can pay out Papua New Guinea Defence Force personnel who have surpassed the retirement age but have not been retrenched due to the their unfunded liability.

CTSL revealed during the announcement of the DFRBF’s 2020 Financial Performance that the State still owed K255 million to the DFRBF in unfunded liability.