Government
reserve account
Government reserve account is the amount of
deposits placed with the GPF fund by the government
to ensure the civil staff of the payment viability
and continuity of its gratuity and pension schemes.
Appropriated returns
Appropriated returns are accrued interest and
dividends received from investments. The amounts
are allocated and distributed to fund members
accordingly. In brief, the GPF fund is the retirement
fund contributed by government and fund members
with objectives of assuring member benefits
upon retirement.
The Government Pension Fund Act, B.E. 2539 prescribes
that at least 60% of the GPF fund is to be invested
in sound investments under the framework set
and guided by its Board in compliance with the
Act and applicable ministerial regulations.
In managing its fund, the GPF Board and its
management strongly recognize the principles
of prudent investment and the importance of
achieving genuine benefits for the purpose of
the retirement fund management. Thus, an appropriate
balance between sound risk and acceptable returns
is always emphasized. |