Public Institution for Social Security Fund information
Public Institution For Social Security Fund
Formation
1976
Headquarters
Kuwait City, Kuwait
Director general
Meshal Al-Othman
Website
https://www.pifss.gov.kw/
The Public Institution For Social Security (PIFSS; Arabic:المؤسسة العامة للتأمينات الاجتماعية) is the public pension fund of the state of Kuwait, it was founded in 1976 and counts 11 subsidiaries and 45 documented transactions.[1] In 2021, its cash reserves accounted to 4% of its investments down from 11.5% in 2020.[2]
The current worth of the assets of the PIFSS is estimated at $134 billion.[1] It recorded its best ever annual performance year in 2021, recording a 20.9% growth in its assets.[3][4]
^ ab"Public Institution For Social Security". www.pifss.gov.kw. Public Institution For Social Security. Retrieved 2023-12-11.
^"Kuwait's $134 billion pension fund has record gain in turnaround". Pensions & Investments. 2021-06-23. Retrieved 2021-09-12.
^"Kuwait's $134 Billion Pension Fund Has Record Gain in Turnaround". Bloomberg.com. 2021-06-23. Retrieved 2021-09-12.
^"Kuwait's Pension Fund Has Record Gain in Turnaround". pension policy international.
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