Fund’s bodies
Fund’s bodies are the Managing Board and the Director of the Fund.
The Managing Board, as a managing authority is structured of members appointed by the Government of the Republic of North Macedonia for a four-year term. Members of the Managing Board are appointed from among the insures and pension beneficiaries.
The Managing Board, from among its members appoints a president, for a four-year term. The Managing Board of the Fund establishes the Fund Budget and adopts the Fund Annual Account, manages and decides on the use of the Fund assets, and monitors the realization of international agreements.
Director of the Fund. The Fund has a Director elected by the Managing Board through an open competition. The Government of the Republic of North Macedonia gives consent on the Decision for appointment of a director of the Fund.
Insurance Fund act in place of the Director of the Fund during his absence and executes other activities defined by the Fund Statute.
The Board of Directors of the Fund establishes the Fund Budget and adopts the Fund Annual financial statement, manages and makes decisions for the usage of the Fund assets, and monitors the implementation of the International Agreements. The Board of Directors reviews the information, reports, questions and other materials related with the actual situation of the pension and disability insurance. The Board of Directors forms Commissions and other working bodies determined according the Law and Fund Statute.
For his work, the Board of Directors of the Fund is responsible before the Government of the Republic of Macedonia. The Board of Directors has responsibility to submit an Annual Report for the activities of the Fund.
The Director manages the Fund and represents it before third parties.
The Director of the Fund executes activities in accordance with the Law, Fund Statute and other acts of the Fund. The Director organizes and coordinates the working activities of the employees of the Fund.
The Director of the Fund has a Deputy Director. The Deputy Director replaces the Director of the Fund during his absence and executes other activities determined by the Fund Statute.