Board reviews Civil Services Pension Fund working

Muscat: Board of Directors of the Civil Service Employees Pension Fund (CSEPF) yesterday held its fourth meeting of the year under the chair of Shaikh Khalid bin Omar Al Marhoon, Minister of Civil Service, Deputy Chairman of the Board.
A number of issues were reviewed during the meeting, including the draft budget for the Fund’s revenues, operational costs and capital investments for 2019 as the Board decided to approve it. It also approved the unaudited financial statements of the Fund for the period ended September 30th 2018 and the appointment of the external auditor for the Fund’s accounts for 2019.
The Board also reviewed the fund’s performance indicators, which included cash flows and the position of the Fund’s investment as of the end of October 2018.
It also reviewed the position of implementing the approved investment plan for this year and followed up the position of the Fund’s projects being implemented. The follow-up report on the measures taken to implement the decisions and directives of the board at the previous meeting and other resolutions and recommendations were also reviewed.