Opposition Leader Don Polye is urging Prime Minister Peter O’Neill to reward retired public servants with their long-awaited benefits in the 2017 Budget.
Polye wants the Government to consider repaying more than K2 billion it owes to them via Nambawan Super Limited.
He says he was informed that some hardworking, retired public servants have died while waiting for the government (employer) to pay what was rightfully theirs.
“The government has betrayed them by withholding the employer’s contribution of 8.4 percent,” he states.
Polye says the superannuation has lost trust and confidence in the government’s Treasury Bills and Inscribes Stocks.
The government must regain that trust and confidence, states the Opposition Leader.
“The international lenders have also lost appetite for lending funds to PNG as its investment climate is not conducive.”
The alternate government, he says, has received complaints from many superannuation members for not receiving their rightful dues.
Meanwhile, Polye has described the Central Bank selling Inscribed Stocks and Treasury Bills to the public domestically as unprecedented.
He has also called on the fellow citizens not to buy them to avoid towing the line of creditors, citing Nambawan Super contributors being one among others.
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