Mrs Agnes Sentala
Mr Robert Chirambo
Manager, Administration And Benefits
Mr Stanley Mtuwa
Manager, Projects And Facilities
About Us —RBM
The RBM Pension Fund was established in 1968 as an In-house
Non-Contributory (Defined Benefit) Fund for Reserve Bank of
Malawi with the objective of providing benefits to members of
staff upon retirement and to beneficiaries upon death of a
member.
In 1997, it was converted from Defined Benefit (DB) to a Defined
Contributory (DC) arrangement. However, in 2010, a decision was
made to adopt a Hybrid Pension system where
monthly pension at retirement should be calculated based on both
DC and DB and a member would receive a benefit based on
whichever calculation provides better benefits. The Fund has
eight (8) trustees.
The Reserve Bank of Malawi Pension Fund is a Self-Administered
Restricted Fund. The Fund has eight (8) trustees with Four (4)
representing the Employer and the other Four representing the
members. All officers managing the Fund are seconded from the
Reserve Bank of Malawi.
Vision
To be a leading provider of retirement and death benefits in Malawi.
Mission
To promote increased confidence among members by:
- Paying the correct benefits to the right beneficiaries at
the right time.
- Ensuring prudent and effective management of investments to
meet current and future obligations.
- Communicating clearly what our business is, why and how we
do it.
Core Values
- Accountability Our actions stand public
scrutiny and we are accountable for the decisions and actions
that we take.
- Integrity We are true to ourselves and
credible in the eyes of our stakeholders.
-Team Work We seek for collaboration among
all members.
Management Team
Mr. George Ndindi
Manager, Accounting And Investments
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