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Cap. 450 · cap/450 (Cap. 450)

Cap. 450 Art. 15Appointment of retirement fund administrator.

PART II

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(1) Every retirement fund shall have a retirement fund administrator to carry out such duties assigned to such administrators under this Act or any other law.

(2) It shall be the duty of the directors of the retirement fund to appoint a retirement fund administrator, and such directors shall have the power to remove the retirement fund administrator at their discretion.

(3) Where the post of retirement fund administrator becomes vacant, the directors of the retirement fund shall, within fourteen days from the date of vacancy, appoint another person to fill the post.

(4) Where the directors fail to fill such vacancy within the fourteen days provided above, the Authority may, on an application made by any one of the directors or by a contributor or beneficiary, appoint a person to fill such vacancy itself.

(5) During any period where there is no retirement fund administrator, and during any period of incapacity of the retirement fund administrator, any officer of the retirement fund authorized generally or specifically in that behalf by the directors shall carry out the functions of the retirement fund administrator.