unpaid superannuation component

NSL takes legal action on State over outstanding payments

This was revealed by NSL Board Chairman, Anthony Smare, when announcing NSL’s 2016 result.

He says proceedings were filed in late February to recover K130 million that is owed to exited members.

Despite the court action, there are already discussions between NSL over the outstanding amount.

“We’ve also had positive discussions with state looking at a number of different options to address this K130 million they owe our exited members,” Smare said.