Business

Parliament Pension Fund Grows to Shs 257 BN

The Parliament Pension Scheme has realised an assets growth of 25.7 per cent from shs204.55 billion in 2018 to Shs257.21 billion improving its financial and investment capacity.


The Chief Operations Manager, Nightingale Mirembe said that this is attributed to an increase in member contributions, returns on investments in the equity market and the employment of a new risk management policy.


Mirembe made this revelation at the Eighth Annual General Meeting of the Parliament Pension Scheme on 21 February 2020.


“The use of a new risk management policy has helped us focus on investing in items that have less risk and greater return,” says Mirembe.


She added that risk management is crucial since the core value of the scheme is in investing funds for value and mitigating risks.


Mirembe added that this helped the fund realise improvement in other aspects of the scheme like prompt payment of pension benefits and.

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