Decisions of the Governing Board in the meeting held on December 2017

In the meeting held on 7 and 8 December 2017, the Governing Board of the Kosovo Pension Savings Trust reviewed the situation of all investments and investment funds, and reviewed all recommendations from respective committees.

Moreover, the Governing Board during the meeting rendered the following decisions:

1) Approve the return of € 385,000 from the investment budged surplus to the pension fund by the end of 2017; 2) Based on the assessment report of the Call for Proposals IC/2017/05 for term-deposits in local banks and interests, along with full exposure, it was recommended that the following amounts be deposited in local banks: BpB (€8.3 mln), BKT (€8.0 mln), TEB (€3.9 mln) and NLB (€3.7 mln); 4) According to the Budget Commission, with regard to KPST’s expenditures on investments and operations 2018, the following management tariffs should be proposed to the Assembly of Kosovo: 0.381% for the investment tariff and 0.071% for the operation tariff; 5) Publish a call for local banks on depositing pension and operational funds, thus based on criteria and conditions set previously, and also based on the favorable interest rates; 6) initiate the process of returning funds unallocated to individual accounts for more than 6 years, and on which all options of acquiring information have already been exhausted, and although in accordance with the relevant legal obligation.