“GPF Explains Negative Benefits in 2022 Due to Challenging Investment Conditions”

The members of the GPF suspected the benefits of the year ’22, minus 2.1 thousand baht. The GPF page clarified many reasons.

On April 27, reporters reported that A Facebook user who is a civil servant in a large ministry Has posted a message stating that he asked the GPF page because his own benefit balance in the year 2022 was minus 21,775 baht. The GPF must have been at a loss in the previous year. But if this year is negative in the account again Personally, I’m about to resign / thank you to the GPF for providing information quickly. On the GPF page, it has clarified that in 2022 there are many challenging factors that affect investment. Causing investment conditions to fluctuate around the world, such as the spread of the COVID-19 virus, China’s lockdown to control COVID War between Russia and Ukraine inflation of different countries and central bank interest rate hikes in many countries faster and higher than in the past several decades. especially the United States which affects the value of bonds and stocks around the world. As a result, the unit value (NAV/Unit) of the investment plan decreased from the end of ’21. and cause the benefit amount during the year ’22 to be negative

For example, if members are on the main plan Value per unit at the end of 2021 has a value of investment units 27.9388, which as at December 31, 2022, the value per unit is 27.5048, so when calculated with the number of units, resulting in a decrease in the member’s account balance. but decreased in the cumulative benefits which does not affect the member’s principal balance

However, the negative benefit balance It is an asset appraisal as of December 31, 2022, which is like an accounting loss. caused by the decline in securities or instruments that the fund has invested in that have not been sold in any way If members have not taken money out of the fund, they are not affected. When various situations are resolved or there are factors that support investment that will result in the stock value Or bonds increase, the NAV/Unit value tends to increase. The member’s balance has also increased accordingly.