20% Profit in 3 Years with Retirement Pension?

[Financial News] Geunro Bokji Gongdan announced on the 21st that the fund-type retirement pension 'Pureun Ssiat' operated by the Gongdan recently surpassed a cumulative return rate of 20%.
 This achievement comes less than three years after its introduction in September 2022.
 Pureun Ssiat is a fund-type retirement pension system designed to make it easier for small businesses to adopt retirement pensions. Geunro Bokji Gongdan collects the contributions paid by employers to create a joint fund and manages the assets. This is different from private retirement pensions where subscribers directly choose financial products to manage.
 Geunro Bokji Gongdan sets annual fund management plans through a fund management committee composed of experts from the government, labor-management organizations, academia, and other fields, and selects dedicated management institutions to improve returns. As a result, the cumulative return rate has reached 20% so far. The annual return rate was 6.52% last year and 7.46% (annualized) this year.
 The cumulative return rate by asset class is △Overseas Stocks 46.17% △Domestic Stocks 29.57% △Domestic Bonds 15.91% △Overseas Bonds 3.84%. It is explained that they are flexibly responding to market changes based on global diversification strategies.
 Based on these achievements, 28,261 workplaces and 127,984 workers have joined Pureun Ssiat so far. The fund amount of Pureun Ssiat is also nearing 1.4 trillion won.
 Geunro Bokji Gongdan established the Retirement Pension Bureau through an organizational restructuring in May this year. This is to focus on fostering Pureun Ssiat to lead the old-age income security of vulnerable groups.
 Geunro Bokji Gongdan plans to secure expertise in the retirement pension field in the future and prepare for long-term system and research development roles related to it. To this end, they plan to strengthen the research and survey functions related to retirement pensions, build a network with retirement pension providers and related experts, enhance expertise, and strengthen policy support capabilities.
 Park Jong-gil, Chairman of Geunro Bokji Gongdan, stated, "We will continue to manage assets transparently and efficiently so that more small businesses can benefit from the high returns of Pureun Ssiat."
jhyuk@fnnews.com Kim Jun-hyeok Reporter