Voluntary Pension Fund Membership Edges Lower in Q1

Figures

Membership in pension funds of the National Association of Voluntary Funds (Öposz) edged down 1.6% to 1,055,000 in the first quarter from the same period a year earlier, the association said on Thursday, according to a report by state news wire MTI.

Payments into the funds reached HUF 27.3 bln, practically level with payments in Q1 2022. Employee contributions fell, but accounted for 67% of the total. Employer contributions rose 12% to HUF 8.9 bln.

Öposz voluntary pension funds had assets of HUF 1.588 tln in Q1.

Membership in Öposz healthcare funds increased 4.5% close to 1 mln. Payments into the funds climbed 22%.

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