Law library · Sierra Leone · The National Social Security and Insurance Trust Act, 2001
Section 7, The National Social Security and Insurance Trust Act, 2001
Status not yet checkedThe National Social Security and Insurance Trust Act, 2001, Sierra Leone
(1) Subject to the approval of the Board, the Trust may invest any part of the fund not immediately required to be expended to meet any of its obligations under this Act.
(2) The Board shall, in approving any investment, take into consideration the following:—
(a) the safety and yield of the investment;
(b) the liquidity of the investment;
(c) the need to maintain the real value and spread of the investment;
6 No. 5 The National Social Security and Insurance Trust Act 2001
(d) the maintenance of the fund and diversification of the portfolio of the investment; and
(e) the harmony of the investment with the public interest.
[Margin: Board of Trustees.]
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