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Government Employees Pension Law, 1996

Schedule 1 : Rules of the Government Employees Pension Fund

4. Management of the fund

4.1 General


4.1.1 The Board is responsible for the proper and efficient management of the Fund. The Board shall comply with all the obligations imposed upon it by the rules as well as the Law and do everything necessary to ensure the proper functioning of the Fund.


4.1.2 The Board shall consist of sixteen Board members, eight of whom will be appointed by the responsible Minister in terms of rule 4.2 and and eight of whom will be elected and/or appointed in terms of rule 4.3 and rule 4.5.


4.1.3 The trustees and substitute Trustees will be compensated for their services and expenses on the basis determined by the Board.