The Fund was formed in 1970 for the purpose of providing superannuation benefits for the former officers and employees of the participating communication and allied industries on their retirement through age or ill-health and for their dependants when they die.
Being a self-administered Fund, it is run by a Board of Trustees and it employs its own staff.
Currently the Fund is run by nine Trustees, four employer, four employee representatives and one representative of the pensioners association. The Trustees elect their own chairperson.
These administer the Fund on behalf of its members.
The Fund is organised as a fixed benefit, flexible contribution, deposit administration arrangement receiving and investing employee and employer contributions and paying out the promised benefits.