by Linda Straker
- Notice of appointment published by in 12 December edition of Government Gazette
- Board of Trustees will serve for 3 years with effect from 1 October 2025
- New chair Louis Williams is financial expert with 23 years’ experience at NIS
The first chairman of the Board of Trustees of the Public Sector Employees Pension Fund is Louis Williams, a financial expert who retired from the National Insurance Scheme (NIS) in December 2020 after 23 years of service.
Cabinet, at its 6 October 2025 meeting, approved the appointment of the Board of Trustees who will serve for a period of 3 years with effect from 1 October 2025.
The other members are Deputy Chairman Adrian Strachan and representing the Statutory Bodies, Wynette Baker, Attorney-at-Law; Shontell T Mc Guire, Actuary/Actuarial Experience; Peterlyn Cooper, Human Resource Management Expertise; Mervin Lord, Investment Expertise; Daisy Hazzard, representing the Grenada Trades Union Council; Lyndonna Hillaire Marshall, Permanent Secretary, Department of Public Administration, and Mike Sylvester, Permanent Secretary, Ministry of Finance, as Ex-Officio Member.
The notice of the appointment dated 8 December was published by the Office of the Governor-General in the 12 December edition of the Government Gazette.
According to Part IV of the Pension Fund law, the Board of Trustees shall be responsible for the management and administration of the Fund. “The Board shall consist of the following persons appointed as Trustees by the Governor-General, acting on the advice of the Minister:
- the permanent secretary with responsibility for public administration or his or her designate
- the permanent secretary with responsibility for finance or his or her designate; who shall be ex officio members; and Board of Trustees
- the other members of the Board of Trustees according the law should be
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- an attorney-at-law who has been practising at the Bar for at least ten years
- an actuary or a person with actuarial qualifications or experience
- one person who has demonstrated knowledge and experience in finance;
- one person who has at least five years of experience in human resource management
- one person who has demonstrated knowledge and experience in investment
- one person after consultation with the trade unions representing public sector employees and
- one person after consultation with the statutory bodies
“A person appointed as a Trustee pursuant to this section shall have, in addition to the duties specified under this Act, such duties and obligations of a trustee and be held accountable in accordance with the provisions of the Trustee Act, Chapter 329,” states the Pension Fund legislation.
