Since its inception in October 1984 Debswana Pension Fund has seen its membership grow to around 9 000. The Fund was established to provide members with a pension after retirement, and to offer financial support to members' dependants upon the members' death. The money comes from the contributions the employer makes for the employees as well as the returns earned on the various Fund investments.
||Debswana Pensioners Debswana contributes a generous 20% of each employee's salary per month, ensuring value-add for members at the end of their working lives|
The contributing employers are Debswana Diamond Company, Botswana Diamond Valuing Company, DeBeers Prospecting and Morupule Colliery.
Debswana contributes a generous 20% of each employee's salary per month, ensuring value-add for members at the end of their working lives.
The fund has benefited from exceptional investment growth, especially in the years 1988-1998 when the performance of world markets often exceeded expectations. Although it would have been ideal to benchmark the fund against this performance for the future, poor global market performance and extreme volatility in the past year has led to a period of slow growth.
The funds communications efforts have been repeatedly recognised, particularly through receiving awards in the prestigious Annual Communication Challenge of the South African Institute of Retirement Funds.
For further details on the Debswana Pension fund, please download copies of the Debswana Pension Fund Annual reports by clicking the links below.