The Fund is managed by a Board of Trustees. The Board has twelve members with equal representation from the employer (Malawi Government) and employees (civil service). Six members represent the employer and the other six represent employees. The Board elects its Chairperson and Vice Chairperson amongst its members and the members form various functional subcommittees as follows; Benefits, Administration and Human Resource (BAR); Governance and Legal (G & L); Investment; and Finance, Audit and Risk Management (FAR).