unfunded liability

State owes public servants an estimated K2 billion

This was revealed during NSL’s employer conference held in Port Moresby on Friday.

NSL Manager Legal, George Koi, during his presentation on ‘unfunded liability said they estimated around K2.1 to K2.2 billion in employer contributions is owed by the State for many public servants.

He said they range from teachers to members of the disciplined forces.

Koi said after a reform in 2003, the State was required to contribute 8.4 per cent as employer contributions towards public servants superannuation’s.