Pension Fund Governamce
The Fund’s Principal Officer and Chief Executive is accountable to the Board of Trustees appointed by the National Employment Council (NEC) for the Clothing Industry. The Board of Trustees is made up of representatives from AMWUZ and COMZ. The Fund is managed in accordance with a set of rules formulated by the National Employment Council for the Clothing Industry which conform to the provisions of the Pension and Provident Funds Regulations.
The Board of the clothing Industry Pension Fund is comprised of nine (9) trustees. Four (4) employer representatives are nominated for appointment by the Chamber of Mines while the other five (5) employee representatives are nominated by the Associated Mine Workers Union. The Board is appointed by the National Employment Council (NEC) for the clothing Industry.