The social security (MoHRSS) and finance ministries (MoF) released draft measures to allow the annuity fund for public sector employees to invest in higher-risk products. The measures, now open for public comment, would allow up to 30 percent of total net assets to be invested in equities.
The annuity fund for public sector employees was established in January 2015 alongside rules requiring public sector employees to contribute to pension funds. Qualified investment institutions will be authorised to manage investments. MoF