These are the complain on report while the state Public Service Pension Fund had a good year last year, making NT $ 15,900,000,000 (U.S. $ 550 million), primarily from equity investments, fund management said Thursday.
The council said it expects the stock to continue a good return this year to offer – better than the bond market. But in its annual report on the fund, the council said that as the end of last year, a total of 640,000 civil servants and their employer – the government – had contributed NT 625.9 billion U.S. dollars to the fund.The complete of this total, where the fund a profit of NT $ 94,200,000,000, making a turnover of NT $ 720,000,000,000. After deducting the expenses of NT $ 230,200,000,000, the fund had a net worth of NT $ 489,800,000,000. That’s is so make it must be early explain on this time.
The council said it expects the stock to continue a good return this year to offer – better than the bond market. But in its annual report on the fund, the council said that as the end of last year, a total of 640,000 civil servants and their employer – the government – had contributed NT 625.9 billion U.S. dollars to the fund.The complete of this total, where the fund a profit of NT $ 94,200,000,000, making a turnover of NT $ 720,000,000,000. After deducting the expenses of NT $ 230,200,000,000, the fund had a net worth of NT $ 489,800,000,000. That’s is so make it must be early explain on this time.
Tsai Feng-ching, vice chairman of the Public Service Pension Fund Board, said that while his staff are confident the investment performance this year in Taiwan, Europe and the United States, three factors deserve attention as management team believes that its investment strategy: the threat of inflation, debt in some European Union countries, and currency-tightening moves in some key countries.
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