Keva’s activities are based on the Local Government Pensions Act (KuEL) and the administration’s basic provisions are laid down in the Act. Further provisions supplementing the Act can be found in the Council’s Standing Orders.
The Council and Board of Directors
The highest decision-making authority in Keva is the Council, the members of which are appointed by the Ministry of Finance for the municipal electoral period. The Council has 30 members.
Keva’s Board has nine members.
Other operative bodies
The Investment Advisory Committee is Keva’s statutory body in addition to the Council and Board.
The Working Life Development Working Group is a body defined in the Standing Orders.
Supervision
The general supervision of Keva is the responsibility of the Ministry of Finance.
Financing operations planning and investment operations are supervised by the Financial Supervisory Authority (FIN-FSA).
