The Fund is managed by the Board of Trustees, who are accountable for the GEPF’s administrative and investment performance. Through their representatives on the Board, active members and pensioners have a direct say in its decisions on pension increases, investments and other important matters. 

 The Board of Trustees

The Board of Trustees has 16 members. Eight of these members represent the government as the employer and eight represent GEPF members and pensioners. 

Of the eight Trustees representing members and pensioners, six are chosen by the labour representatives on the Public Service Co-ordinating Bargaining Council. The other two are a pensioner member and a uniformed services member, both of whom are elected. The pensioner Trustee is voted onto the Board by GEPF pensioners in a postal ballot.

The term of office of the Board is four years. The Minister of Finance inaugurated the current Board on 22 September 2009. Mr Arthur Moloto is the Chairperson of the Board and Mr Prabir Badal is Vice Chairperson.

Board committees

The Board of Trustees has five committees to help it with the complex business of managing a fund as large as the GEPF.

These committees are:

1.    Finance and Audit Committee (FA-C): Advises the Board on financial and audit matters such as the appointment of auditors, financial reporting and annual financial statements.

2.    Benefits and Administration Committee (BA-C): Gives advice on benefits and pension administration strategies and procedures.

3.    Governance and Legal Committee (GL-C): Reviews and advises on governance, legal and compliance issues, as well risk management, legal dispute resolution and amendments to the Government Employees Pension Law.

4.    Human Resources Committee (HR-C): Advises on the GEPF’s human resources strategy, policy, procedures and structure. This includes the organisational structure and management.