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Government Employees Pension Law, 1996

Schedule 1 : Rules of the Government Employees Pension Fund

7. Contributions


7.1 Every member contributes to the Fund at a rate of 7,5% of his or her pensionable emoluments.


7.2 The employer shall contribute to the Fund at the rate that is required to ensure that the Fund is able to meet its obligations at all times, subject to a minimum funding level of 90%. This rate shall be determined by the employer in consultation with the Board and with the Minister, with due regard to the recommendations of the most recent actuarial valuation of the Fund.


7.3 [Rule 7.3 deleted by Government Gazette No. R. 1149 dated 10 November 2000]