Voluntary pension fund contributions climb 11% in Q1
Voluntary pension fund contributions rose 11.3% year-on-year to HUF 30.1 billion in Q1, state news wire MTI reports, citing data released by the National Bank of Hungary (MNB).
Contributions by members increased 14.9% to HUF 27.4 bln. Employer contributions grew 2.8% to HUF 7.6 bln.
There were 31 voluntary pension funds operating in Hungary in Q1, two fewer than in the same period a year earlier.
Membership numbers at the pension funds were up by 6,000 annually at 1.103 million at the end of March.
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