The Independent Electoral and Boundaries Commission Staff Pension Scheme was established in 2010 as a Defined Contribution Scheme and is governed by Trust Deed and Rules. The main purpose of the Scheme is the provision of retirement benefits for Members upon retirement from the founder’s service and relief for the dependents of deceased members.

The Scheme draws its membership from Independent Electoral and Boundaries Commission (IEBC) and Office of the Registrar of Political Parties (ORPP).

The Scheme is also governed by the provisions of Retirement Benefit Act which states that the oversight on the Scheme be provided by Trustees appointed by the Sponsor and those elected by members (employee).