Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

Figures

Voluntary pension fund contributions rose 20.3% year-on-year to HUF 99.8 billion in Q1-Q3, data released by the National Bank of Hungary (MNB) show, according to a report by state news wire MTI.

Contributions by members increased 17.5% to HUF 78.4 bln. Employer contributions grew 15.3% to HUF 26.6 bln.

There were 31 voluntary pension funds operating in Hungary in Q3, two fewer than in the same period a year earlier.

Membership numbers at the pension funds were up by 950 annually at 1.096 million at the end of September. 

ADVERTISEMENT

Hungary to Expand Gripen Fleet With 4 Aircraft Analysis

Hungary to Expand Gripen Fleet With 4 Aircraft

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

High-tech Ratio in Hungarian Industry Rising Innovation

High-tech Ratio in Hungarian Industry Rising

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.