Dear visitor,

We thank you for choosing Trusti’s web site to spend part of your time.

Kosovo Pension Savings Trust (Trusti) has been established in 2002 to administer and manage mandatory (and voluntary) pension contributions of Kosova’s employees.

Pension contributions saved by Kosova’s citizens during their employment, are kept 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 in order to increase the value of participants’ accounts, on the long run, in order to provide the best possible pension on their retirement. Trusti investments are done in different asset classes, markets and industries, to reduce the possible investment risk.

Our web site is a full ‘virtual’ presentation of what we do. Here you will find the answers to all the questions about Trusti and our asset management. If, however, your question has not been answered, please contact us.

Sincerely,

Management of the Trust

KPST invests additional €10 million in Kosova

The Governing Board in its last meeting decided to deposit €10 million, money belonging to participants’ savings, at NLB in Prishtina, a bank that has shown interest in the bidding process, and which fulfilled the conditions set forth by the tender, including the bank guarantee for KPST assets. These €10 million increase the amount invested in banks dealing in Kosova to 25 million in total that are invested in Kosova’s market.

Management Fee is reduced to 0.8%

Since January 1, 2010 Trust has begun to apply a new management fee charged on assets under management, which is reduced to 0.80% from 0.90% as it was last year. Reduction of the management fee was approved by the Assembly of the Republic of Kosova in November 2009. Management fee withheld by Trust for assets under management is used to cover operational expenses of the KPST. Thanks to the increased efficiency and improved administration and management of the Trust as an institution, in 2010 the Board has decided to reduce operational costs. The biggest part of 2010 budget will be spent to cover fees charged by asset managers that invest pension savings assets. These expenses comprise 60% of the overall annual budget of the KPST.

Quarterly Report

The Report for Quarter IV 2009 can be downloaded here.

Trust during 2009

2009 has been a very positive year for the Trust in all aspects. This was one of the rare years when all aspects of KPST operations have seen improvements and advancements.

Trustorja

Trustorja is the quarterly newsletter of the Trust. It is published only in Albanian.