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Ministry of Social Security, National Solidarity and Environment and Sustainable Development

National Pensions Fund

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 30 June 2001, the portfolio of Investments amounted to Rs 19.868 billion.
LIST OF MEMBERS AND OFFICERS
NAME
DESIGNATION
MINISTRY/DEPARTMENT
Mr A. Mansoor
Chairman
Ministry of Finance
Mr G. Gopee
Representative of Government
Mauritius Audit Bureau
Mr S.C.Romooah
Representative of Government
Accountant-General's Department
Mr K.N. Bunjun
Representative of Government
Ministry of Finance
Dr A. Jeetun
Representative Employers
Mauritus Employers Federation
Mr P. A. De Chasteigner du Mée
Representative Employers
The Constance & La Gaieté S.E
Mr V.Bussawah Representative Employers ACCA Mauritius
Mr O.Boodhram
Representative Employees
Mauritius Telecom
Mr N.V.A Rajabalee Representative Employees
Ministry of Finance
Mr D. Luximon Representative Employees
Ministry of Finance
Mr M. Rawoteea Secretary
Ministry of Finance
Mrs J. Sooben
Officers
Ministry of Social Security
Mr V. Rambarassah
Officers
Ministry of Social Security
Investment Adviser
Hewitt L. Y. Ltd
 
 
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.