The Sponsor and its role
The Teachers Service Commission is currently the only participating sponsor for Scheme and carries the following obligations;
- Collect contributions and pay to trustees OR as directed by the Trustees.
- Appoint his representative in the Board of Trustees.
- Provides consent to changes in scheme rules by way of resolutions.
- Ensure that the Scheme is fully funded to take care of all the Scheme liabilities in the case of a Defined Benefit Scheme.