Mission statement
To provide and maintain a fully solvent Defined Benefit Pension Fund.
Core functions
- Timeous payment of monthly pensions.
- Implementation of pension increase policy.
- Ongoing updating of pension pay sheet.
- Administrative and Accounting functions for Durban Pension Fund.
- Preparation of Annual Financial Statements.
- Implementation of Investment Strategy.
- Communication with Members
Pension Fund Administrator
Overall responsibility of the Administration of the Fund.
Senior Manager: Strategy and Finance
Responsibilities: Preparation of Annual Financial Statements; all aspects of investments
Manager: Retirement Benefits
Responsibilities: Pension Benefit calculations and payments; all communications with Members