Investment Management
TEKA manages the contributions of its insured persons which it invests aiming to create higher capital that will lead to higher pensions and to protect savings from the impact of inflation.
The contributions accumulated in individual accounts are invested for long periods, equivalent to that of a person’s work life.
To achieve the abovementioned objectives, a more complex approach than a traditional bank deposit is required. This is why TEKA contributions are invested in diversified portfolios of bonds, equities and deposit products.
1st period of development:
Social security contributions are invested in very low-risk financial instruments managed by the Bank of Greece.
TEKA investment returns vs. inflation
2023 – 2025State Guarantee
The new Hellenic Auxiliary Pensions Defined Contributions Fund is part of the (first pillar of the social security system) and the State guarantees the total capital in real terms, i.e. the total amount of contributions paid by insured people and/or their employers. Therefore, the insured people shall be awarded an auxiliary pension at least equal to the contributions paid, adjusted for inflation.
In this way, insured people are provided the most effective protection against investment risk. In practice, it is expected that the State guarantee will rarely be required. This is because experience has shown that despite the fluctuation of financial markets in the short term, in the long term, for periods comparable to pension schemes, return on investment is quite good and significantly higher than inflation.
Πώς εξελίσσεται η αξία των εισφορών με τον χρόνο
Σύγκριση εισφορών, επίδρασης πληθωρισμού και σωρευτικής αξίας με αποδόσεις επενδύσεων
Ελάχιστη εγγυημένη αξία
Το κράτος εγγυάται ότι θα λάβεις τουλάχιστον τις εισφορές σου συν τον πληθωρισμό.
Η κρατική εγγύηση λειτουργεί ως δίχτυ προστασίας για ακραία σενάρια μακροχρόνιας αρνητικής πορείας των αγορών.
και ανέρχεται σε
θα φτάσει στις
Οι μελλοντικές αποδόσεις δεν είναι εγγυημένες και ενδέχεται να διαφέρουν.
Οι εισφορές αυξάνονται σταθερά
Η συνέπεια στις εισφορές δημιουργεί μια σταθερή βάση αξίας με το χρόνο
Ο πληθωρισμός μειώνει τη σχετική αγοραστική αξία
Με το χρόνο, ο πληθωρισμός διαβρώνει την αγοραστική δύναμη των εισφορών
Οι αποδόσεις επενδύσεων ενισχύουν σημαντικά τη συνολική αξία μακροπρόθεσμα
Οι σωρευτικές αποδόσεις δημιουργούν εκθετική ώθηση μετά το 2052 και οδηγούν την συνολική αξία κεφαλαίων αισθητά υψηλότερα.
Responsibilities & Commitments
The responsibility for managing and investing the contributions lies solely to the new Hellenic Auxiliary Pensions Defined Contributions Fund (TEKA).
The insured person’s savings are managed prudently, responsibly, transparently, professionally and with the guarantee of the State.
To achieve this, TEKA abides by best governance practices, introducing enhanced transparency, accountability, professional governance and management into the social security system.
TEKA’s Board of Directors, which is ultimately responsible for investments, assisted by the Fund’s Investment Committee, designs the investment strategy, sets the acceptable risk margins, approves the Fund’s Investment Regulation and ensures that the Fund is aligned with European Guidelines and Regulations on investments, prudent management, transparency and risk spreading.
TEKA’s Investments Directorate, staffed with highly qualified professional investment managers, in collaboration with external investment managers, shall implement the defined investment strategy to the best interest of TEKA’s insured persons.
TEKA’s Risk Management Unit shall be responsible for identifying, monitoring, measuring, assessing and managing the risks associated with the investments. The person heading the Risk Management Unit shall report directly to the Board of Directors.