The government called on parliament to endorse a report on the operation of the four mandatory pension funds - Raiffeisen, Erste, AZ and PBZ/Croatia Osiguranje - in 2018.
According to data presented by Labour and Pension System Minister Josip Aladrovic, at the end of 2018 the four pension funds had a total of 1,936,261 members, 91,989 more than in 2017.
He warned, however, that citizens were poorly informed of the possibility to independently choose a mandatory pension fund.
According to the Central Register of Insurees (Regos), only one percent of citizens chose a mandatory pension fund themselves, and the rest were allocated randomly.
The total net assets of the pension funds at the end of 2018 amounted to HRK 98.13 billion or HRK 6.2 billion more year on year.
"Assets in members' personal accounts in mandatory pension funds continued to grow owing to a continued increase in contributions as well as positive macro-economic circumstances and the average yield on invested funds," Aladrovic underscored.
According to cumulative data, the four companies managing mandatory pension funds generated a revenue of HRK 457 million in 2018, which is HRK 23 million more y-o-y while their total expenditure amounted to HRK 211 million. The cumulative net profit of those companies was HRK 202 million, Aladrovic explained.