The Public Service Pensions Board (“the Board"), which was originally established in 1992, is responsible for the administration of the Fund and the payment of all pensions and other benefits in accordance with the Law. The Board is made up of up to ten people, as follows:
- The Financial Secretary (ex officio);
- The Chief Officer, Portfolio of the Civil Service (ex officio);
- The President of the Cayman Islands Civil Service Association (CICSA) (ex officio) or that person’s nominee;
- Five directors appointed by the Governor who are neither employees in the Public Service nor Other Public Service. In appointing these directors, the Governor shall ensure that one of the directors has substantial professional investment experience, one of the directors is an attorney-at-law with substantial fiduciary expertise, one of the directors is a retired plan member under the Plan; and,
- Chief Executive Officer (ex officio and non-voting).
The current Board members are listed below:
| Current Board Directors | Initial Appointment Date | Appointment Expiration Date |
| Sheree Ebanks | 6 March 2018 | No limit (pre 8 Aug 2019 appointment) |
| Jewel Evans Lindsey | 25 February 1992 | Ex-Officio |
| Kenneth Jefferson | 18 May 2004 | Ex-Officio |
| Gloria McField-Nixon | 7 February 2001 | Ex-Officio |
| James Watler | 3 February 2003 | CICSA - Ex-Officio |
| Orrett Connor | 1 August 2018 | No limit (pre 8 Aug 2019 appointment) |
| Robin Ellison | 6 March 2018 | No limit (pre 8 Aug 2019 appointment) |
| Simon Cawdery | 27 November 2019 | 26 November 2025 |
| Bryan Bothwell | 1 September 2020 | 31 August 2026 |