What is Laborfonds?
Laborfonds is a locally-based closed complementary pension fund with individual accounts and set contribution rates for employees working in Trentino-South Tyrol and relatives fiscally dependent on the member of the fund. The fund was set up in 1998 by the social partners. Strong support came from the Regional Authorities of Trentino-South Tyrol, also in the light of the competences granted by the Statute of Autonomy. Laborfonds is the largest local closed fund in Italy in terms of number of members.


How does it work?
A complementary pension is based on the accumulation of a capital on an individual basis, just like a savings account. All the contributions paid into the pension fund accumulate in the individual's own account. These contributions are then invested in the world's capital markets.
At the time of the retirement, the member has in his/her personal account an amount consisting of paid contributions plus the gained returns. The member can choose to require the liquidation of a part of this accumulated capital, while the rest is transformed in a pension.


The management
Since January 1st, 2008 the Board has opted for a multi fund category, with different risk and return profiles according to the demands of the members.
The financial resources of Laborfonds are entrusted for management to specialized entities, that possess all the legal requirements.
The Board of Laborfonds has selected the following money managers to whom the fund's capital has been entrusted:

Linea Garantita

managers: UGF Assicurazioni (J.P. Morgan A.M.)

Linea Prudente-Etica

managers: Credit Suisse

Linea Bilanciata

managers: Eurizon Capital, ING, Société Générale Asset Management, Franklin Templeton, Natixis, Azimut

Linea Dinamica

managers: Société Générale Asset Management, Franklin Templeton

For more detailed information about Laborfonds please click here to open the ITALIAN or GERMAN version of our site.