The Board has also agreed to hold reserves of K 75 million or 1.9 percent of members funds as a matter of prudency.
Looking ahead in 2016, Chairman William Lamur reminded members that their NASFUND savings were for the long term.
“What is happening now is a timely reminder of the importance of having an appropriate strategic asset allocation and risk management plan in place to mitigate short term shocks.”
He said while annual returns from the investment portfolio are subject to market forces and vary from year to year, real returns after inflation to member accounts increase significantly over a longer period through the effect of compound interest and a dedication to investing ¡n assets that provide secure long term returns.
“Above all, striving to be better than we are now will serve members interests and that is what we are all about,” Lamur said.
Meanwhile, Lamur also thanked Nasfund CEO Ian Tarutia, management and staff of for their commitment and hard work over 2015 in delivering these results.