Voluntary pension fund contributions climb 5% in Q1
Contributions to voluntary pension funds in Hungary rose 5% year-on-year to HUF 27.1 billion in the first quarter, data released by the National Bank of Hungary (MNB) on Friday show, according to a report by state news wire MTI.
Contributions by members increased 3% to HUF 23.9 bln. Contributions by employers climbed 5% to HUF 7.4 bln.
Voluntary pension fund membership edged down half a percent to 1,105,700 in the 12 months to the end of March. The funds attracted 9,000 new members, but membership of 8,100 people was canceled after they failed to make any contributions and over 800 members died.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.