ZF English

Private pension funds collect 17% more in June

24.06.2008, 20:44 10

The average contribution per participant went up to 8.59 euros, compared with 7.55 euros last month. The number of empty accounts was down from 961,000 to 877,000 last month. Mandatory private pension funds (2nd pillar) collected contributions worth 28.2 million euros at the end of last week, 17% more than in May, according to data from the National House of Pensions and Social Securities (CNPAS). The second round of contributions collected from pension fund clients took place on June 20, with the sums corresponding to those contributed for the month of April, after social security contributions for March were collected on May 20. The pension funds ranking has remained unchanged, but the average contribution per participant has climbed to 8.59 euros, from 7.55 euros in May.

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