County Governments Retirement Scheme Act

13. Functions of the Board

Edition: 2022-12-31 · In force

The Board shall—

(a)formulate policies relating to the Scheme in accordance with the provisions of the Retirement Benefits Act (Cap. 197);

(b)collect contributions and income payable to the Fund under this Act;

(c)pay out the various benefits to persons entitled to the benefits as provided under the Act;

(d)protect the Fund's assets and ensure long term viability of the Scheme;

(e)ensure efficient management of the Scheme;

(f)ensure prudent investment of the monies forming part of the Fund;

(g)negotiate competitive annuity rates on behalf of members;

(h)ensure that the Scheme observes high standards of corporate and business ethics;

(i)advise the Cabinet Secretary on any matter relating to the objects and functions of the Board under this Act; and

(j)perform any other functions assigned to it under this Act.