Government Employees Pension Law, 1996Schedule 1 : Rules of the Government Employees Pension Fund4. Management of the fund4.10 Duties of the Board |
| 4.10.1 | Each trustee or a substitute shall, notwithstanding the duties as may be determined by the Board: |
| (a) | take all reasonable steps to ensure that the interests of its members in terms of the rules of the Fund and the provisions of the Law are protected at all times, especially in the event of an amalgamation or splitting of the Fund, termination or reduction of contributions by the employer, increase of contributions by members and withdrawal of an employer. |
| (b) | act at all times with due care and diligence and in good faith; |
| (c) | avoid conflicts of interest; |
| (d) | act with impartiality in respect of all members and beneficiaries; |
| (e) | ensure that proper registers, books and records are kept, inclusive of proper minutes of all resolutions passed by the Board; |
| (f) | ensure that proper control systems are employed by or on behalf of the Board; |
| (g) | take all reasonable steps to ensure that the rules of the Fund comply with the Law, and all other applicable laws; |
| (h) | ensure that adequate and appropriate information is communicated to the members informing them of their rights, benefits and duties in terms of the rules of the Fund; |
| (i) | take all reasonable steps to ensure that contributions are paid timeously to the Fund in accordance with the provisions of the Law; |
| (j) | obtain expert advice on matters where board members may lack expertise; |
| (k) | ensure that the operation and administration of the Fund comply with the Law, and all other applicable laws; |
| (l) | adhere to the principles of privileged information and confidentiality; and |
| (m) | adhere to its duties as set out in the Law. |