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 |
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.