National Pension Fund Receiving 51% Bonus Despite Last Year's -8% Return

Last year, the National Pension Fund's investment return rate was confirmed at -8.28%. This year, the bonus payment rate for the Fund Management Headquarters is 51.1% of the base salary. On the 23rd, the National Pension Fund Management Committee consecutively approved the '2022 National Pension Fund Management Performance Evaluation' and the 'Fund Management Headquarters Bonus Payment Rate' containing these details.

The -8.28% investment return rate of the National Pension Fund last year is the lowest since the introduction of the National Pension system in 1988. Negative returns have occurred three times: in 2008 (-0.18%), 2018 (-0.92%), and last year. The return rate in 2021 was 10.8%.

The bonus payment rate for fund management personnel is 51.1%. The previous year’s rate was 67.7%. Looking at the past five years, this is the second-lowest bonus payment rate following 45.4% in 2018. The fund return rate in 2018 was -0.92%. Although last year’s return rate was lower than in 2018, the bonus is higher because the excess performance compared to the benchmark return is reflected in the recent three years’ management performance at a ratio of 5:3:2. The average investment return rate over the past three years is 3.67%.

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