WHEREAS, it is part of the country’s social protection policy to expand social insurance system and reach citizens step by step,

WHEREAS, the strengthening and sustainability of the system greatly contributes to social justice, industrial peace, poverty reduction, productivity and development;

WHEREAS, it has been found necessary to strengthen, to the extent circumstances allow, the public service’s pension scheme by revising and consolidating the existing laws to create suitable condition for implementation process,

WHEREAS, it has been necessary to ensure the sustainability and reliability of the public servant’s pension fund through investment requires transparent governance system,

NOW, THEREFORE, in accordance with Article 55( 1 ) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows.