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Private pension funds transfer real yields by deadline

Private pension funds transferred all real yields on retirement savings to former members who returned to the state pension pillar by the deadline on August 31, Stabilitas Pension Fund Association told MTI on Thursday.

Hungarian private pension fund members had until the end of January to opt out of a move, together with their pension assets, to the state pension pillar. About 97% of private pension fund members decided to return to the state pillar and their assets were transferred to the state in June. Those who returned were paid any yield on their assets over the rate of inflation.