Welcome to our web page
„The future today“, means planning our life today, with a responsibility for our future and our loved ones. Investing in pension funds managed by KB First Pension Company is investing in one’s own future.
KB First Pension Company has derived from the pension system reforms in the Republic of North Macedonia and its core business is the management of Pension Funds.
Our goal is to create value for the members of the Funds we manage, to protect their interests, ensure the security of their assets and generate profit by adequate investment.
Our vision is for KB First Pension Company to be a pension insurance market leader in the Republic of North Macedonia, recognized for its ethical principles, high expertise and professionalism in its work, with the only goal to achieve benefit for all of its members.
While working to achieve its goal, KB First Pension Company offers to its all current and future fund members the following:
RELIABILITY – Work in compliance with strict legal regulations and under the control of institutions involved in the reformed pension system (the Agency for Supervision of Fully Funded Pension Insurance and Custodian Bank);
STABILITY – because KB First Pension Company has derived from the partnership of Skupina Prvazavarovalniski holding d.d. Ljubljana and Komercijalna Banka AD Skopje, which have created the perfect blend of reliability and long bank tradition, knowledge and experience in managing Pension Funds;
SPECIALIZED SERVICES – because the Company is managed by experienced professionals, and its core business is Pension Funds management;
ORGANIZATION AND AVAILABILITY – because it has a widespread network of trained agents, through which every citizen can get accurate information about the product offered;
TRANSPARENCY IN OPERATIONS – because it is always open for communication and available to its members, who can have an insight into their assets and their multiplication at any time.
In the competitive performance of companies in the market, KB First Pension Company behaves correctly, respecting the principles of good business conduct and fair play.
What do you get by signing a contract with KB First Pension Company as part of the reformed pension system?
Through the delivery of regular annual reports about the status of your individual account funds in the Mandatory Pension Fund and/or your voluntary individual/professional account in the Voluntary Pension Fund, at your personal address, i.e. the reports you can also receive upon your request, you have a complete insight into the funds at your personal account, the number of accounting units and the value of each Fund accounting unit.
With the additional option of on-line notification you have the opportunity of fast, free, modern and simple way of getting an insight into your accounts at both KB First Open Mandatory Pension Fund – Skopje and KB First Open Voluntary Pension Fund – Skopje.
By the on-line notification, you can get information on the regularity of payments to your account, the number of accounting units, the final balance of funds at your account in the Fund where you are a member and other information of your interest.
Your funds are managed by professional and experienced personnel, investing them in safe financial instruments in accordance with the legislation allowing security and yield generation on assets invested, thus creating an opportunity for growth of future pension/retirement benefits of fund members, thereby ensuring more funds for your retirement days.
In terms of the individual, the reformed pension system provides greater security so that the financing of pensions shall be made from the three pillars:
The part of the pension paid from the First Pillar shall be calculated according to a predetermined formula based on the salary and length of service.
The second part of the pension shall be paid from the mandatory individual account of the member in the Mandatory Pension Fund managed by KB First Pension Company, as one of the sources within the mandatory fully funded pension insurance – Second Pillar.
The third part of the pension shall be paid from the voluntary individual account or professional account of the member in the Voluntary Pension Fund managed by the Company as one of the sources within the voluntary fully funded pension insurance – Third Pillar.
Investments of both KB First Open Mandatory Pension Fund – Skopje and KB First Open Voluntary Pension Fund – Skopje shall be made in accordance with strict legal regulations in order to maximize the yield for the benefit of members and retired members, and through diversification and financial analysis, to minimize the risk of losses.
The assets of Funds managed by the Company are invested under the continuous supervision of the Agency for Supervision of Fully Funded Pension Insurance – MAPAS, while the Custodian Bank keeps them separate from the assets of the Company.
The expertise, experience, size and reputation of the founders of KB First Pension Company managing your money, give you additional security and safety with regard to its successful operation in the management of funds.
