ADB pension fund reviewing managers

The $620 million fund may retain a high equities exposure.

The Asian Development Bank is reviewing the asset allocation and manager list for its $620 million employee pension fund, but will probably retain its current asset mix policy, says Rosario Abad Santos, compensation and benefits officer.

The Manila-based multinational organization's retirement plan is in healthy shape. It runs a contributory defined benefit scheme, in which employees pay a fixed 9.33% of monthly salary and the ADB kicks in a variable amount on top, now around 11.00%. The ADB's contribution...

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