Judges’ Retirement Benefits Act

33. Functions of the Board

Edition: 2026-03-11 · In force

The functions of the Board shall be to—

(a)collect contributions payable to the Fund under this Part;

(b)develop a prudent investment policy of the Fund in accordance with the provisions of the Retirement Benefits Act (Cap. 197);

(c)invest any funds of the Fund not immediately required for its purposes in the manner allowed by this Act;

(d)protect members’ contributions and the assets of the Fund;

(e)negotiate competitive annuity rates with insurance companies;

(f)pay out pensions and other benefits to the members of the Fund and their dependants;

(g)advise the Cabinet Secretary on any necessary adjustments in the Fund in order to realize its objects under paragraphs (a), (b), (c) and (d); and

(h)perform any other functions that may be conferred on it by this Act or under any other written law.