The Government Pension Investment Fund achieved a record profit last year, and the value of its assets climbed to a fresh high. However, the fund won’t earn double-digit returns on a sustained basis. Further tax hikes or higher social security contributions will be needed to address the outsized social security funding gap.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services