Pension funds having introduced the Optional Portfolio System in 2008 shall calculate
investment performance on portfolio-level.
The average ten-year rate of return is calculated from data based on the publicly announced fund-level annual net
rate of return for the period of 1999-2008. For the purpose of calculating the
average ten-year rate of return, before the initiation of the Optional Portfolio
System, the fund-level net rate of return is used to value performance of each
portfolio.
The average ten-year rate of return shows the performance of the investment (asset)
management.
Calculation of the reference index is mandatory since January 2002. Preceding this period there were no regulatory
instructions concerning its calculation. The value of this index shall be determined
before the investment period, hence, in absence of the standardized legal regulation,
the reference index given in the chart below regards only the six-year period
of 2002-2008.
The asset-growth index is the capital-weighted average rate of return per person.
For the purposes of calculating this index pension funds applied the fund-level
net rate of return used for calculating the average rate of return for the ten-year
period of 1999-2008.
The asset-growth index shows the average yield of the individual account of the
members.
The information below contains the reported data of the pension funds. Should
the disclosed data be displayed with designation of origin, please indicate that
the data is not based on our calculations, but is the reported data by the pension
funds.
