Employers association says pension funds should invest in business projects

The Croatian Employers Association (HUP) believes that due to their responsibility to their members, pension insurance funds should invest not only in state property but more and more in successful and dynamic private business projects to reduce their own exposure to the state.

HUP general director Davor Majetic told Hina that considering the huge assets managed by pension funds, which exceeded HRK 74 billion, it was clear that their importance was great and that they could contribute to positive economic trends.

"HUP believes that it is important to keep and continue strengthening compulsory and optional pension saving and that compulsory and optional pension insurance funds, because of their responsibility to their members, should invest not only in state property but increasingly in successful and dynamic private economic projects, thus reducing their prevailing exposure to the state. That way, they would bring quality yields to their members as well as benefit all other Croatian citizens by boosting economic growth and consequently living standards and the quality of life," Majetic said in a comment on a meeting between Prime Minister Tihomir Oreskovic and representatives of pension insurance companies on Monday.

Pension insurance funds in Croatia currently manage assets worth more than HRK 74.04 billion, of which 49 billion kuna are contribution payments and 25 billion kuna are yields the funds have earned for their members.

 

(EUR 1 = HRK 7.6)

Last update: Tue, 16/02/2016 - 17:24
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