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Ministry of Social Integration, Social Security and National Solidarity

National Pensions Fund


Investments

The surplus Fund of the National Pension Fund is being invested in different sectors. Surplus fund is the difference of Receipts from Payments.

RECEIPTS of the National Pensions Fund are as follows:
(i) Contributions, Surcharges of Employers/Fees
(ii) Interests/Dividends from Investments
(iii) Redemption/Maturity of loan stocks/debentures
(iv) Maturity of deposits in Banks
(v) Repayment of Loans
(vi) Commission as agents for collecting funds for IVTB and NSF
(vii) Income from Buildings
(viii) Any miscellaneous revenue

PAYMENTS consist of Recurrent and Capital Expenses
As from 1976/77 surplus fund has been invested and as at 31 March 2019, the portfolio of Investments amounted to Rs 124  billion.

NPF – NSF INVESTMENT COMMITTEE


List of Members

 

Members

Chairman

Mr. R. Chellapermal, Deputy Financial Secretary, Ministry of Finance, Economic Planning  and Development

 

Public Officers

Mr A. K Hoolass, Permanent Secretary, Ministry of Social Integration, Social Security and National Solidarity (Social Security and National Solidarity Division)

 

Mr. Christ Paddia, Lead Analyst, Ministry of Finance, Economic Planning  and Development

 

Mr. S. D. Ramdeen, Ag. Accountant General

Representatives of Employers (Designated by Business Mauritius)

Mr. Pierre du Mée, Director and Secretary, MUA Stockbroking Ltd

 

Mr. Louis Clensy Appavoo, CEO, Appavoo Group

 

Mr. Kevin Ramkaloan, CEO, Business Mauritius

Representatives of Employees (Designated by Trade Union Confederations)

Dr. Mohun Prasadsing Odit, Senior Lecturer, University of Technology Mauritius

 

Mr. Vidianand Naugloo, Finance Officer, Ministry of Finance, Economic Planning  and Development

 

Mr. Indiren Vythillingum, Assistant Manager, Financial Operations, Ministry of Education, Tertiary Education, Science and Technology

National Pensions Fund

Mr. V.Rambarassah, Director Investment NPF

Secretary

Mr. M. Rawoteea, Analyst/Senior Analyst, Ministry of Finance , Economic Planning and Development

           


As from December 2001, the NPF and NSF are deemed to be body corporate for purposes of investment of any surplus funds. The NPF and NSF Investment Committee is set up for the purposes of determining the manner in which any surplus remaining in the Funds may be invested.
 
 
 
 

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