VER 30 years

2020 marks the 30th anniversary of the establishment of the State Pension Fund (VER). VER’s mission is to prepare for future state pension expenditure and equalise the cost. The assets managed by VER total approx. EUR 20 billion.

History

1990

VER commences operations under the auspices of the State Treasury.

1991-1992

A law is enacted to channel state employers and employees’ pension contributions to VER.

2000-2003

Current investment activities are commenced and an in-house organisation created for VER.

2013

VER’s transfers to the government budget exceed pension contribution income.

2020

Over the years, VER has generated value added for the state worth over EUR 8 billion.