Kosovo Pension Savings Trust (Trusti) has been established in August 2002 to administer and manage mandatory (and voluntary) pension contributions of Kosovo’s employees. Trusti is engaged primarily in keeping pension contributions, saved by Kosovo’s citizens during their employment, in individual accounts of contributors.

Administering these individual accounts is a legal responsibility of Trusti, while savings remain a property of account holders. Although a private property, the mandate of these savings is specific – they are to be used only for retirement.

While with us, pension assets are invested according to prudent investment principles set by law. The investments are made with the aim of increasing the value of pension savings of contributors, and in the long runenabling the best possible pension on their retirement. Trusti investments are done in different asset classes, markets and industries, to reduce the possible investment risk.

Law no. 03/L-084 on the Pension Fund, amending Regulation 2005/20 on Pensions in Kosovo, which givesthe KPST the authority and the rights of a management trustee over Pension Assets (Section 6.1), assignsthe following responsibilities and rights to the Trust (Section 6.2):
• Conducting a tender for the selection of Asset Manager(s), Custodians, or Open-endVehicles in accordance with this Law;
• Executing agreements with the Asset Manager(s), Custodians, Open-end Vehicles,
• Accountants, Auditors, Attorneys and other service providers of the Trust;
• Demanding and receiving information from Asset Managers, Open-end Vehicles and Custodians and other service providers with respect to all transactions on behalf of the Trust including the voting of shares of stock held by the Trust;
• Adopting investment principles for the Trust;
• Removing and replacing Asset Managers, Open-end Vehicles, Custodians and otherservice providers of the Trust;
• Paying the proceeds of Individual Accounts for Savings Pensions to Annuity providersfor the purpose of purchasing Pensions for Participants and Beneficiaries in accordance with this Law;
• Entering into agreements for the purchase, sale, lease or rental of real property or equipment necessary for the operation of the Trust;
• Hiring executive and non-executive personnel for the Trust;
• Entering into insurance agreements, including Fiduciary indemnity insurance for theGoverning Board, with insurance companies licensed in Kosovo or in the member states of the OECD;
• Preparing a budget to be approved by the Governing Board;
• Charging reasonable fees on a cost basis to each Participant for the administration ofIndividual Accounts according to a schedule established by the Assembly of the Republic of Kosovo and withholding such amounts from contributions received prior to allocation to Individual Accounts.