(1) There shall be appointed by the President in accordance with the advice of the Board given in consultation with the Public Services Commission an Administrator and a Deputy Administrator of the Fund.

(2) The Administrator and Deputy Administrator shall hold office on the terms and conditions specified in their letters of appointment.

(3) The Administrator shall be the secretary to the Board and shall be the head of the secretariat of the Fund.

(4) Subject to the directives of the Board, the Administrator shall be responsible for the day to day management of the Fund and shall ensure the implementation of the decisions of the Board.

(5) The Administrator may subject to such conditions as he may determine, delegate some functions of his office to any officer of the secretariat of the Fund except that he shall not be relieved from ultimate responsibility for the discharge of the delegated functions.

(6) The Deputy Administrator shall in the absence of the Administrator perform the functions of the Administrator.