THE PUBLIC SERVICE PENSION FUND MISSION

Dedicated to effectively managing the Pension Fund in an actuarially sound manner and provide meaningful retirement and related benefits to Contributors and their dependants.

the public service pension fund Vision

To be an effective provider of retirement benefits to ensure peace of mind to Contributors and a level of service that exceeds expectations.

CORE VALUES

• Integrity
• Empathy
• Prudence
• Accountability
• Customer Focus
• Transparency

HISTORY

On 1 January 2004, the Public Service Pension Fund became the sole pension scheme for Government employees and government agencies. The Pensions Act is found in Chapter P20 of the Revised Statutes of Anguilla. The Pension Fund is a contributory fund and all contributors receive benefits upon Retirement, Resignation or Death.

All Government employees holding pensionable posts must contribute to the Pension Fund. In addition, employees of Statutory Agencies also contribute to the Fund. Currently, over 1000 persons contribute to the Public Service Pension Fund. There is a separate Fund for members of the Royal Anguilla Police Force called the Police Pension Fund. Both Funds are administered by the Pension Board and Pension Fund office.

Retirement Ages

• Age 60 - For Contributors appointed before January 1, 2004.
• Age 65 - For Contributors appointed on or after January 1, 2004.

Contribution Rates

Current contribution rates are 3% of Gross Salary for Public Officers and 4% for Police Officers. Contributions rates are variable and can be changed on advice of an Actuary.