OTP Private Pension Fund pays former members more than HUF 56bn in yields

OTP Private Pension Fund transferred more than HUF 56 billion in real yields on retirement savings to former members who returned to the state pension pillar by the deadline on August 31, the fund told MTI on Thursday.

OTP Private Pension fund paid real yields to about 640,000 of some 730,000 members that returned to the state pillar.

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.

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