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 2023, the portfolio of Investments was around Rs 145.2 Billion.
NPF – NSF INVESTMENT COMMITTEE
List of Members
Members |
Chairman |
Mr I. Bonomaully, Ag Deputy Financial Secretary, Ministry of Finance, Economic Planning and Development |
Public Officers |
Miss M. Madhub, Senior Chief Executive, 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.
