The asset increasemaintained the steady pace of the previous months, even though thecontribution transferred to mandatory funds remained 2.5% of thegross salary of any contributor; it is set to go up to 3% of thegross salary this month.
The assets managed by thepillar 2 funds exceeded 1 billion euros in December 2010 andplayers on the market estimate the value will increase to 1.6billion euros by the end of the year.
There were about 5.24million employees contributing to a mandatory pension fund at theend of last month, about 30,000 more than in January. The number ofcontributors has risen by about 250,000 people over the pastyear.
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