Labor funds posted gains of NT$976 billion, bureau saysSOARING MARKETS: The value of assets in the Labor Pension Fund in November last year totaled NT$5.10 trillion and its rate of return stood at 13.70 percentStaff writer, with CNAFunds managed by the Bureau of Labor Funds posted solid year-to-date gains of about NT$976 billion (US$31.06 billion) in the first 11 months of last year on the back of soaring financial markets, the bureau said yesterday. Data compiled by the bureau showed that the accumulated gains, which reflect overall increases in the value of assets and investments, totaled NT$976.2 billion after NT$116.8 billion in gains in November alone. The combined value of the funds managed by the bureau — the Labor Pension Fund, the Labor Retirement Fund, the Labor Insurance Fund, the Employment Insurance Fund and the Arrear Wage Payment Fund — totaled NT$7.695 trillion as of the end of November last year. The Labor Retirement Fund, which has been in place since 1984, had about NT$1.06 trillion in assets with a rate of return of 20.07 percent, it said. Meanwhile, the Bureau of Public Service Pension Fund yesterday said that the Public Service Pension Fund managed by the bureau recorded NT$138.09 billion in gains during the same 11 months, a rate of return of 13.42 percent.
