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Pension Fund Management Pleased with 2001 Despite Huge Losses

Ljubljana, 7 March - The state-owned Pension Fund Management (KAD) posted losses of SIT 5.7 billion (EUR 25.5 million) in 2001, mostly a result of payments to the Pension and Disability Insurance Institute (ZPIZ), which received SIT 6.4 billion (EUR 28.6 million) from KAD in 2001 alone, KAD chairman and CEO Joze Lenic told a news conference Thursday.

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© STA, 2002