Voluntary Pension Fund Contributions Climb Nearly 7%
Voluntary pension fund contributions rose 6.6% year-on-year to HUF 106.4 billion in Q1-Q3, state news wire MTI writes, citing data released by the National Bank of Hungary (MNB).
Member contributions increased 5.9% to HUF 83.1 bln. Contributions by employers climbed 14.9% to HUF 30.6 bln.
There were 29 voluntary pension funds operating in Hungary in Q3.
Membership numbers at the pension funds stood at 1,074,400 at the end of September, down 21,800 from 12 months earlier.
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.