Government Superannuation Fund Authority
RELEVANT ACTS
The Government Superannuation Fund Authority (the Authority) was established as a Crown entity by section 15A of the Government Superannuation Fund Act 1956 (the Act) and became an autonomous Crown entity under the Crown Entities Act 2004. The business of the Authority is to manage the assets, and administer the Schemes of the Government Superannuation Fund (GSF) in accordance with the Act.
FUNCTIONS AND RESPONSIBILITIES
Section 15G of the Act specifies that the Government Superannuation Fund Authority Board (the Board) is responsible for the business of the Authority. GSF consists of seven superannuation schemes for public sector employees (the Schemes), including schemes for the public service, the Police, the Armed Services, Members of Parliament and Judges. All the Schemes were closed to new entrants on 30 June 1992.
STRUCTURE
The Authority is governed by a Board appointed by the Minister of Finance. Executive support (Management) for the Board is provided by staff employed by Annuitas Management Limited, a company owned jointly by the Authority and the Board of Trustees of the National Provident Fund. The Authority has appointed Datacom Employer Services Ltd (Datacom) as Schemes administrator, managers to manage the GSF investment assets and to undertake foreign exchange hedging and JP Morgan Chase Bank as custodian.
There is also an independent GSF Appeals Board that hears appeals on decisions made by or on behalf of the Authority on Schemes’ issues.
RECORDS
Minutes of Board meetings are held by Management.
Individual member records are held on behalf of the Authority by Datacom.
PUBLICATIONS
- Annual report to Parliament
- Annual report on GSF, also presented to Parliament
- Provisions, Policies and Procedures of GSF
- Statement of Investment Policies, Standards and Procedures
- Scheme booklets published by the Authority
These publications can be viewed on the Authority’s website – www.gsfa.govt.nz.
CONTACT
Chief Executive
Government Superannuation Fund Authority
Level 12
The Todd Building
95 Customhouse Quay
WELLINGTON 6011
Phone: (04) 499 6999
Fax: (04) 473 3957
Datacom Employer Services Ltd
PO Box 3614
WELLINGTON 6140
Phone: 0800 654 731
Secretary of the Appeals Board
c/- The Treasury
PO Box 3724
