ADVOKS GLOBAL · KENYA
Public Service Superannuation Scheme Act
35. Appointment and functions of the Administrator
Edition: 2022-12-31 · In force
35. Appointment and functions of the Administrator
(1)The Board shall appoint an Administrator of the Fund who shall, in accordance with the Retirement Benefits Act (Cap. 197), carry out the following functions—(a)open a retirement savings account for each member with a personal pension number;(b)credit the member’s retirement savings account with the contributions each month;(c)inform the employer where a member’s contribution details differ from the expected;(d)provide customer service support to members, including access to member’s account balances and statements on demand;(e)cause to be paid retirement benefits to member who has retired in accordance with the provisions of this Act;(f)be responsible for all calculations relating to retirement benefits; and(g)carry out any other functions as may be directed by the Board from time to time.(2)The Administrator shall ensure that all income earned from the investment of the Fund is distributed to the credit of the members’ retirement savings accounts save for clearly defined and reasonable fees, charges, costs and expenses of transactions approved by the Board or any income set aside by the Board and deposited into the reserve account maintained under section 41.