The Public Service Pensions Fund (PSPF) is a public organization that was established in 1993 for the management and administration of pensions for government (public sector) employees. The scheme is run as a Defined Benefit (DB) pension and provides the following products for its members and their dependants:
- Retirement Annuities
- Death Benefits
- Disability Benefits
- Other pension-related benefits
As at 31 March 2014, the Fund membership profile consists of 36 771 active (contributing) members, 6 704 pensioners (retired) members and 15 547 dependant beneficiaries, including children and spouses of members who also receive a pension from the Fund. It is fully administered in-house and financed through employer and employee contributions of 15% and 5% of monthly salary respectively.