World’s Largest Pension Fund



pension funds

Previously we looked at world’s largest sovereign funds where Malaysian largest sovereign funds, Khazanah Nasional Berhad at position 22. Today, we going to look at world’s largest pension funds. Malaysia currently have two pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP).

As of early 2009, EPF is at number 18 among the world’s largest pension funds with $98.8 billion in assets while KWAP is at number 160 with $16 billion in assets. EPF was at position 23 with $94.4 billion in assets previous year.

The table below shows top 25 world’s largest pension funds. It cover both sovereign and private pension funds.

Rank Fund Country Total Assets (million $)
1 Government Pension Investment Japan 1,284,612
2 Government Pension Fund Norway 339,149
3 ABP Netherlands 243,071
4 California Public Employees U.S. 214,556
5 Federal Retirement Thrift U.S. 210,609
6 National Pension Korea 190,352
7 Local Government Officials Japan 176,397
8 Postal Savings Fund Taiwan 154,160
9 California State Teachers U.S. 147,185
10 New York State Common U.S. 138,425
11 Pension Fund Association Japan 129,542
12 Florida State Board U.S. 118,673
13 General Motors U.S. 110,334
14 ATP Denmark 110,202
15 New York City Retirement U.S. 107,304
16 Central Provident Fund Singapore 105,338
17 PFZW Netherlands 99,532
18 Employees Provident Fund Malaysia 98,844
19 National Public Service Japan 98,045
20 Texas Teachers U.S. 95,982
21 AT&T U.S. 89,563
22 New York State Teachers U.S. 88,487
23 Canada Pension Canada 86,717
24 National Social Security China 82,397
25 Fondo de Reserva Seguridad Spain 79,753
160 Retirement Fund-KWAP Malaysia 15,981


Leave a Comment

  • SPC 25th March, 2010, 10:23 pm

    Malaysia and Singapore share the same type of pension fund where employee salary is deducted about 10% and employer will match minimum 12%. But look like Singapore fund is higher then Malaysia even when Malaysia population is 7 times more.

    Reply