Supervisory Board

The Supervisory Board is made up of members of parliament, social partners, representatives of the relevant ministries (Ministry of Social Affairs and Ministry of Economy, Finance, and Industry), and qualified individuals in fields related to the Fund's missions.

It has twenty members and must meet at least twice a year.

The Supervisory Board is composed of 20 members chosen from among:

Audit and Accounts Committee

2 representatives from the National Assembly and 2 representatives from the Senate


e Representatives of Social Security Beneficiaries

5 members appointed by representative interprofessional trade unions at the national level

Representatives of employers and self-employed workers

5 members appointed by representative professional organizations of employers and self-employed workers

State Representatives

4 members, including 1 from the Ministry of Economy, 1 from the Ministry of Budget, and 2 from the Ministry of Social Security

Qualified individuals

Qualified individualsQualified individuals

Calendar icon Last update: September 2025

His responsibilities

The Supervisory Board has the following responsibilities:

  • Set, on the recommendation of the Executive Board, the general guidelines for the Fund's asset investment policy (strategic allocation), in line with the Fund's objective and time horizon for the use of its resources and the principles of prudence and risk diversification.
  • Monitor the Fund's results
  • Approve the annual accounts
  • Prepare a public annual report on the management of the Fund

Supervisory Board Committees

Several bodies emanate from the Supervisory Board:

The Audit and Accounts Committee

The Investment Strategy Committee (ISC)

The Responsible Investment Committee (RIC)

Each of these bodies meets on average once or twice a year.
The CSI is the body that is likely to meet most frequently to review the economic and financial context and, if necessary, issue opinions on developments in financial management.