The Grenadian government has formally established the inaugural Board of Trustees for the Public Sector Employees Pension Fund, appointing veteran financial expert Louis Williams as its first chairman. The appointments were officially gazetted on December 12, 2025, following Cabinet approval during its October 6 meeting.
Mr. Williams brings substantial expertise to the role, having recently concluded a distinguished 23-year career with the National Insurance Scheme (NIS) where he retired in December 2020. His extensive background in financial management positions him to lead the critical oversight of public sector pensions.
The nine-member board will serve a three-year term effective October 1, 2025, comprising professionals with diverse expertise as mandated by the Pension Fund legislation. Adrian Strachan assumes the role of Deputy Chairman, while other members include legal representative Wynette Baker, actuarial expert Shontell T Mc Guire, human resources specialist Peterlyn Cooper, investment professional Mervin Lord, and labor representative Daisy Hazzard from the Grenada Trades Union Council.
The board also includes ex-officio government representatives Lyndonna Hillaire Marshall (Permanent Secretary for Public Administration) and Mike Sylvester (Permanent Secretary for Finance). Their appointments reflect the governance structure outlined in Part IV of the Pension Fund law, which requires specific qualifications including legal practice experience, actuarial expertise, financial knowledge, human resources background, investment proficiency, and representation from both trade unions and statutory bodies.
The legislation further stipulates that trustees shall bear duties and obligations in accordance with the Trustee Act, Chapter 329, ensuring proper accountability mechanisms for the management and administration of the Fund.