From the aspect of investment funds, Kosovo Pension Trust has had a year which was positive zero in terms of returning in investment and this was mainly due to the extremely difficult conditions in financial markets in which the trust invests.
The result is positive zero due to the earthquake of Japan, the debt crisis in European countries, the euro currency crisis. "It cannot be called success, but at least it was not negative." So claimed...
The result is positive zero due to the earthquake of Japan, the debt crisis in European countries, the euro currency crisis. "It cannot be called success, but at least it was not negative." So claimed Vërshim Hatipi, Deputy director of Finance in Kosovo Pension Trust, which in the presence of the Oversight Commission on Public Accounts gave a summary of the annual pension savings trust of Kosovo, where the audit report of Trust made by the company Deloitte was reviewed.
Regarding the audit report made for Kosovo Pension Trust, Hatipi said that besides funds equalization, there were no other findings in the audit report.
"Equalization of funds, paid money and contributions that do not find their owner and this is the lack of information provided by the employer. The employer has paid pension contributions but has not indicated for which individuals are these contributions paid. This was in the end of 2011. There were 19 million, this amount during these six months was decreased to 16 million euros, it is better than last year. I mean the auditor has stressed only this as a matter of interest. We are talking about this also with the Central Bank to see what to do with these funds, for a special fund to be established or this fund to be liquidated," he said.
Hatipi while talking about the annual report of the Pension Trust, said that in operational terms, numerous advancement were made, as they are in the final stage of implementing a new system of information technology, with which will be managed individual accounts, much better than now. He also mentioned as a success the processing of the new Law on Pension Funds in Kosovo, according to which the provision of lists of employers is obliged for workers that they have, before they pay pension contributions. According to him, for contributions that will be paid in the future will be a great improvement, reducing contributions to minimum, which will not find account, respectively their owner.
However according to him the concern remains a figure of just over 200 thousand active contributor workers in 2011, and for Trust it is a very low figure. They do not think they are just over 200 thousand workers in Kosovo, where only 170 thousand of them have had contributions for the entire year.
Hatipi said that workers in Kosovo are not registered, or they are registered with lower contributions and this is a concern, because is not covered the whole population, which should be covered with pension savings.
While Armend Zemaj, member of the Democratic League of Kosovo said that the audit report is commendable, but he asked the Trust to make the workers salaries transparent, for which is spoken so much and there is so much hesitation by the Trust for them not to be transparent.