A significant portion of pension funds has been invested in government securities. The National Pension Commission has expressed concerns about the potential returns on these investments. Approximately 58 percent of the total pension assets are tied up in these securities, which may not yield inflation-beating returns over time.

Further information is available from the source regarding the Commission's warning and the implications for pension funds. The Commission's statement highlights the limitations of government securities in generating consistent returns.

Details about the pension industry's Net Asset Value and the amount invested in government securities can be found in the original report.