Courtesy of PPF as presented at Diaspora III Conference In London May 2011 Edition.

2. Introduction The Parastatal Pensions Fund was established under Section 6 (1) of the Parastatal Organizations Pensions Scheme Act (CAP 372 R.E. 2002). The Fund was established in July 1978.

4. PPF Vision and Mission Statements Vision: “ The Fund is desirous of freeing members from hardships arising out of loss of income due to old age, disability, death and the related risks”

5. Mission: “ The Fund is committed at providing quality pensions and allied benefits to members from both formal and informal sectors through utilization of dedicated human resources and modern technology with high degree of accuracy and promptness "

7. Circle of Funds Operations Funds Operations of Prudent Investments Quality Service Provision Benefit Payments Income /Contributions Member Recruitment Collection

9. Investment Category S/N Assets Allocation (%) Actual:31 ST December 2011 1. Fixed Income Asset 35-80 70.3% 2. Equities 10-30 13.3% 3. Properties 5-30 10.2% 4. Licensed Collective Scheme 0-10 6.2%

12. Membership Trend 2002 – Dec 2010 Year Total Membership (no.) % Increase (Decrease) 2003 51,000 (9.8) 2004 52,933 3.8 2005 56,644 6.6 2006 67,087 18.4 2007 84,186 13.6 2008 104,684 24 2009 132,878 12 2010 160,068 20.5

15. What is the impact of delayed Contributions?  Short payment for periods with contributions lapses  Penalty or addition contribution of 5% compounded monthly  Loss of investment income, hence inadequate funding for benefit payment  Bad reputation for the Fund and employer  Member complaints

16. PPF Benefits Survivor’s Benefits Sickness/Disability Benefits Withdrawal Benefit Deposit Administration Old Age Benefit Death Benefit Education Benefit Gratuity Benefit

17. Education Benefit This is granted to a member who dies whilst in service. It is granted to not more than 4 children of the deceased member from nursery school to ordinary secondary education. Each child is granted an amount not exceeding 1/12 of the deceased APE. As of July 2010 the Fund pays Education benefit to more than 1000 children.

18. Growth of the Fund (figures in millions) 16.5%

20. Quality Customer Services Quality customer service is an integral part of our business. Therefore, the Fund is committed at delivering both effective and efficient service which recognizes and values the importance of our customers. The Fund is guided by its Customer care Policy and Customer Care Charter

23. PPF TAARIFA

25. THANK YOU