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 2016 the Fund had 39 680 active (contributing) members, 7 511 pensioners (retired members) and 15 690 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.