Around 60% of employees who joined mandatory pension funds earned between 150 and 500 euros in April, compared to an average per economy of 480 euros in gross terms.
Most employees who joined mandatory pension funds transferred contributions that ranged between 3 and 10 euros this month, according to the data Aviva, BCR, BT Aegon and Omniasig sent to ZF.
Pension funds collected the second round of contributions from customers on June 20, with a total value of 28.2 million euros, 17% more than in May.
These contributions are for the month of April, after the money for March was collected in May.
Contributions to mandatory pension funds account for 2% of employees' gross incomes, which means that most customers of the four analysed funds earned between 150 and 500 euros in gross terms in April.
In the case of BCR, for instance, a fund that in the second round received contributions worth 0.85m euros, around 57% of customers transferred between 3 and 10 euros, which means they had gross incomes worth between 150 and 500 euros. The participants with contributions that ranged between 10 and 20 euros accounted for 15.7% of the total, while those who contributed between 20 and 50 euros account for around 7%.
The fund has over 125,000 participants, but transfers were made for only 98,500 customers, according to the data provided by the National Pension and Other Social Security Rights Office (CNPAS), whilst the weight of empty accounts stands at over 21%. In June, BCR had 52 customers with contributions of above 200 euros, which points to gross incomes worth above 10,000 euros in April.
For the fund managed by BT Aegon, ranked 8th on the mandatory pension market, customers who contributed between 3 and 10 euros account for almost 60% in the total number of customers who made contributions. Almost 16% of employees transfer
