Membership

On 31 March 2011, the four compulsory pension funds (hereinafter: “CPFs”) had a total of 1,572,162 members.

In the period from 1 January to 31 March 2011 the CPFs were joined by 11,581 new members, or 3,860 members per month on average, which was 4.44% less than in the same period of 2010, when the funds were joined by a total of 12,119 new members or 4,040 members per month on average.

Chart 1 – Number of new CPF members in the first three months of 2011 and 2010

In the first three months of 2011, of the total number of new members, 10,840 or 93.60% were ex officio allocated by REGOS to particular CPFs, whereas only 741 or 6.40% of new members joined the funds of their own choice. In the same period of 2010, the ex officio allocation covered 94.42% of new members (or 11,443), whilst 5.58% of new members (or 676) personally applied to the funds of their choice.

Table 1 – Number of new CPF members in the first three months of 2011, by method of joining

Months 2011	No. of new members		Of whom:
Months 2011	No. of members	Index 2011/2010	Applied in person	Allocated by REGOS
1	2 (4+5)	3	4	5
January	3,745	89.87	187	3,558
February	4,093	96.60	268	3,825
March	3,743	100.75	286	3,457
TOTAL	11,581	95.56	741	10,840

Chart 2 – Structure of methods of joining CPFs in the first three months of 2010 and 2011

In the period from 1 January to 31 March 2011, a total of 873 individual accounts of CPF members were closed. Of these, in 56.82% of cases (involving 496 accounts) the assets were transferred from individual accounts to the Croatian Pension Insurance Institute due to the account holder's retirement (survivors' pension – 22.78%, disability pension – 64.92%, and early retirement pension – 12.30%). Assets from 151 individual accounts were transferred to the account holders' heirs, which constituted 17.30% of the total number of the accounts closed. Transfers of assets to pension insurance companies, made in the first three months of 2010 for the purposes of payment of pensions based on individual capitalised savings, were recorded in respect of 170 individual accounts or 19.47% of the total number of the accounts closed.

With regard to the gender distribution of CPF members on 31 March 2011, of the total of 1,572,162 CPF members, there were 819,322 men (or 52.11%) and 752,840 women (or 47.89%).

The age distribution of fund members at the end of the first quarter of 2011 was as follows: 0.29% of members were under 18 and 11.57% of members were in the 19-24 age group. The following four age groups were about equally represented in the total membership: the share of the 25-29 age group was 17.54%, the 30-34 age group had a share of 18.76%, the 35-39 age group 17.30%, and the 40-44 age group 16.04%. The share of the 45-49 age group was 13.65%, whereas 3.80% of members were in the 50-54 age group. Members of the 55+ age group had a share of 1.05%. There were no major differences in the age distribution of fund members in comparison with the same period of 2010.

Chart 3 – Age and gender distribution of CPF members on 31 March 2011