Organisational bodies

The "bureau" of the board of directors

The “bureau” was created in 2011 and has nine members:

  • the chairman,
  • the vice-chairman,
  • the chairmen of the four specialised committees, 
  • and three other directors appointed by the board.

It is authorised to monitor the operations of ERAFP between board meetings and to request reports from the CEO on the entity’s management.

The communication commission

Formed in 2012, this commission has eight members appointed by the board, four of whom are representatives of active contributors.
It is charged with reporting to the board on the monitoring and evaluation of actions taken to provide information to employers and beneficiaries, as well as on operating communications.
 

Specialised committees of the board of directors

Four specialised committees assist the board of directors in the preparation and follow-up of its work, particularly in terms of asset-liability management, audit and collections (committees instituted by the decree of 18 June 2004) and investment policy monitoring (committee created by the board meeting of 8 June 2006).
Their members are appointed by the board of directors.

Asset and liability management committee (CSAP)

The CSAP has 12 members, of whom six are representatives of active contributors, four are employers’ representatives and two are qualified persons.
This committee prepares the board of directors' decisions concerning the valuation of commitments towards Scheme beneficiaries, the determination of purchase and service values of points and general orientations of the investment policy.
It is assisted by an independent actuary, who submits an annual report on the Scheme’s financial and technical perspectives.

Audit committee (CSA)

The CSA has nine members, of whom six are representatives of active contributors and three are employers’ representatives.
This committee verifies that the Scheme's management rules are correctly applied and proposes measures to improve management.
It has unlimited investigative powers, which it delegates to members of the administrative management body referred to in article 32 of the decree of 18 June 2004, which is responsible for carrying out the tasks defined in the agreement referred to in said article.

Collections committee (CSR)

The CSR has seven members, of whom four are representatives of active contributors and three are employers’ representatives.
This committee prepares collection statements and reports thereon to the board of directors. The statements notably show the list of outstanding receivables, the reasons for non-collection and actions taken to obtain payment.

Investment policy monitoring committee (CSPP)

The CSPP has seven members, of whom four are representatives of active contributors and three are employers’ representatives.
This committee was set up by the board of directors in order to monitor decisions relating to the socially responsible investment policy defined by the board.