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THREE PSU LEADERS AND ONE FORMER LEADER APPOINTED INTO THE PSPF BOARD OF TRUSTEES

 

Pictured above: The newly appointed board of the PSPF posing with Minister Mabulala Maseko. The board also includes NAPSAWU President Bawinile Ndlovu (extreme right) ,SWADNU President Nokuthula Dlamini (2nd left) and SNAT Deputy President Bonginkosi Msibi (third from left with red tie). Former SNAT Secretary General Dominic Nxumalo also represents pensioners in the board. Picture credit: PSPF Facebook page.

Written by Fundizwi Sikhondze

Three (3) leaders of public service trade unions (PSUs) and one former leader have been appointed into the ten (10) member Board of Trustees (board) of the Public Services Pensions Fund (PSPF) by the Minister of Public Service Mabulala Maseko. The appointment of the board has been made in accordance with the Retirement Funds Act of 2025 which (part III) instructs retirement funds to have equal worker and employer representatives in the boards and is effective from 1st July 2025.

The newly appointed PSPF board members are the president of the workers union of central administration public officials the National Public Service and Allied Workers Union (NAPSAWU) Bawinile Ndlovu, the president of the nurses’ union the Swaziland Democratic Nurses Union (SWADNU) Nokuthula Dlamini, and the deputy president of the educators union the Swaziland National Association of Teachers (SNAT) Bonginkosi Msibi. 

The former secretary general of SNAT Dominic Nxumalo was also appointed in the same board to represent pensioners. Lastly, to complete the workers compliment of five (5) members of the board there is also Nhlanhla Bheki Zwane who represents  workers of the armed forces in general but who specifically is from the military.

From the employer side the minister reappointed all the board members ,Vusi Dlamini, Sammy Dlamini (the former board chairperson), Bathandwa Hlatshwayo, Phiwayinkhosi Ginindza, and Phetsile Masilela.


Board operations

According to the PSPF online (pspf.co.sz) the overall function of the board is controlling and providing oversight on the overall business of the fund including investments and funding.

In the immediate period the newly appointed board is expected to split itself into committees in order to carry out its responsibilities better. The committees according to the PSPF online are the human resources and administration committee, the finance and audit committee, the benefits committee and the projects committee.

The minister of public services in consultation with the board is expected to appoint one more committee with four (4) additional people who ,together with the person who will be elected as the board chairperson, will constitute the investment committee of the fund. The investment committee according to the PSPF online is charged with the responsibility to advise the board on investments and to periodically review the investments performance of the fund.

What is worth noting is that the organised side of the public service is allocated three (3) board positions from amongst the five employee (or worker) board positions. Amongst the three members from organised labour SNAT and NAPSAWU (as representing the most workers in the public service) hold permanent board positions. The smaller representative organisations such as the SWADNU, Swaziland National Government Accounting Personnel (SNAGAP) and others occupy the third seat on a rotational basis.


Outgoing Board

The worker contingent in the outgoing board of directors (appointed in August 2022) consisted of Celumusa Tembe (former NAPSAWU Secretary General) , Celucolo Dino Dlamini (former SNAT Deputy President) and the President of the SNAGAP Dumile Dlamini. Mamoshoeshoe Ntsane represented the armed forces (Correctional Services) and Cuthbert Khumalo represented the pensioners. 

The employer contingent of the board consisted of Sammy Dlamini,Phetsile Masilela, Phiwokwakhe Ginindza, Bathwandwa Hlatshwayo and Vusi Dlamini.

Pictured above: Minister Maseko with the outgoing board of trustees. (Picture courtesy PSPF Facebook Page)


Membership of the PSPF

The PSPF according to its 2025 Newsletter has 42 273 active members who are  currently employed in the public service and who are contributing to the fund on a monthly basis. The fund currently caters for 10 949 principal members as pensioners with monthly annuities, 7356 spousal dependents and 7767 children dependents. It has the largest asset base in the country in excess of E34 billion. In 2023 the fund is reported to have dispersed around E1.6 billion to pensioners and dependents.


PSPF services

The PSPF according to their website provide services such as a funeral cover benefit, a pre-retirement and post retirement death benefit, a disability benefit ,retirement benefit, a withdrawal benefit, early retirement , deferred retirement ,abolition of office (workplace restructuring that leads to end of employment for the worker) and forced medical retirement.

 

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