ADVOKS GLOBAL · KENYA
Public Service Superannuation Scheme Act
19. The Powers of the Board
Edition: 2022-12-31 · In force
19. The Powers of the Board
(1)In the exercise of its functions, the Board shall be accountable to the Government and to the members of the Scheme.(2)The Board shall have all powers necessary for the proper performance of its functions under this Act and in particular, the Board shall have the power to—(a)control, supervise and administer the assets of the Fund in such manner and for such purposes as best promote the purpose of providing retirement benefits for members of the Scheme;(b)determine the provisions to be made for capital and recurrent expenditure and for reserves of the Fund;(c)receive contributions from members and authorize the custody, investment and administration of these contributions and the payment of retirement benefits as provided under this Act;(d)enter into association with such other bodies or organizations within or outside Kenya as the Board may consider desirable or appropriate and in furtherance of the purpose for which the Fund is established;(e)subcontract any of its functions to a person or firm with proven experience in the particular function being subcontracted;(f)give such direction as it may consider necessary to give effect to the provisions of this Act; and(g)do such other things as are necessary to give effect to the provisions of this Act.