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. 

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