| National Pensions Fund 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 2001, the portfolio of Investments amounted to Rs 19.868 billion.
NPF - NSF INVESTMENT COMMITTEE LIST OF MEMBERS AND OFFICERS | NAME | DESIGNATION | MINISTRY/DEPARTMENT | | Mr A. Mansoor | Chairman | Ministry of Finance | | Mr G. Gopee | Representative of Government | Mauritius Audit Bureau | | Mr S.C.Romooah | Representative of Government | Accountant-General's Department | | Mr K.N. Bunjun | Representative of Government | Ministry of Finance | | Dr A. Jeetun | Representative Employers | Mauritus Employers Federation | | Mr P. A. De Chasteigner du Mée | Representative Employers | The Constance & La Gaieté S.E | | Mr V.Bussawah | Representative Employers | ACCA Mauritius | | Mr O.Boodhram | Representative Employees | Mauritius Telecom | | Mr N.V.A Rajabalee | Representative Employees | Ministry of Finance | | Mr D. Luximon | Representative Employees | Ministry of Finance | | Mr M. Rawoteea | Secretary | Ministry of Finance | | Mrs J. Sooben | Officers | Ministry of Social Security | | Mr V. Rambarassah | Officers | Ministry of Social Security | | Investment Adviser | Hewitt L. Y. Ltd | | 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. Press Brief (portfolio summary)
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