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  The PSPFMB is organized in accordance with the Organic Act of Public Service Pension Fund Management Board (hereunder referred to as the "Organic Act") promulgated on 25 January 1995. Formally established on 1 May 1995, the PSPFMB, a level three central government agency under the Ministry of Civil Service, is responsible for the management of the Pension Fund and is subject to the oversight of the PSPFSB.

  The PSPFMB is organized as a committee system. Apart from taking into account the organizational modes of decision-making bodies overseeing public funds in countries around the world, the chief considerations are as follow: 1. Fund participants span military personnel, civil servants, education staff, and political appointees; 2. parity of Pension Fund deployment and national financial policy; 3.the government remains the final guarantor of pension payments; 4. Fund utilization requires professional expertise in finance and investment. The PSPFMB is headed by one chairman, held by the Minister of Civil Service, who oversees general operations. One vice chairman assists in the administration of affairs. Between 13 and 17 members are retained, one each from among executive administrators of the Ministry of Defense, Ministry of Finance, Ministry of Education, Directorate General of Budget, Accounting & Statistics, National Personnel Administration, Taipei and Kaohsiung municipal governments, as well as scholars and experts. Committee membership is part-time, and scholars and experts serve terms of two years. The committee’s structure is conceived as a functional organizational mode, with committee meetings held once per month in principle as the decision-making core. In addition, in line with requirements, the PSPFMB may retain a certain number of scholars and experts in relevant fields as advisors for one-year terms. As of the end of August 2009, there were a total of 17 members and 17 advisors.

  In order to administer the matters under the PSPFMB’s purview and execute the resolutions (and decisions) of the Committee Meeting, pursuant to the Organic Act, the PSPFMB is allotted 88 staff members. Current budgeted staff numbers 86 persons across the Department of Operations, Department of Finance, Department of Auditing, Information Management Office, Secretariat, Personnel Office, and Accounting Office.

  Under the provisions of Article 2 of the Public Service Pension Fund Management Act, and Articles 2 and 3 of the Organic Act, the PSPFMB is responsible for administration of the following matters concerning contributions and payments (revenue and expenditures), management, and deployment of the Pension Fund:
1. Collecting contributions to the Public Service Pension Fund, and other matters related to its payment,
 custody, investment and planning. 2. Deciding matters related to the Fund’s collection, payment, custody, and the selection of discretionary agencies. 3. Screening proposals put forth by discretionary agencies regarding the use of funds. 4. Compiling and publishing the Fund’s annual budget and final accounts. 5. Evaluating the performances of various institutes in the collection of contributions and
 payment, investment and custody of the Fund. 6. Making recommendations on the adjustment of contribution rates of the Public Service
 Pension Fund and the scale of the adjustment. 7. All information management matters related to the overall planning on the Public Service
 Pension Fund’s operations, systemic analysis, software program design and data processing. 8. Other matters related to operating the Fund.

Public Service Pension Fund Management Board Organizational Chart

This is Public Service Pension Fund Management Board Organizational Chart: Chairman, Advisory Meeting, Vice Chairman, Committee Meeting, Chief Secretary, Department of Operations, Department of Finance, Department of Auditing, Information Management Office, Secretariat, Personnel Office, Accounting Office, Civil Service Ethics.
Organizational Chart