Around 34% of the 4,156,316 clients that joined a private pension fund (pillar II) are between 35 and 45 years of age, which means they joined the system even though they were not obliged to, the latest data published by the Private Pension System Supervision Commission (CSSPP) reveals. The share of clients that joined the mandatory pension system on their own free will fall after the private pension lottery (which randomly allocated the contributors that had failed to join a fund), because almost 333,000 reallocated clients were below 35 years of age. The high percentage of people that voluntarily joined the system was actually a surprise, after the number of clients increased beyond even the most bullish expectations of the management companies. Prior to September 17, when the mandatory pension fund sign-ups began, the companies in this field estimated 2.5-2.8 million clients. On the segment of clients that are required under law to sign up with a fund, clients below the age of 26 account for 24% of the total, while those aged between 26 and 35 account for the majority- 42%. As for gender distribution, 51% of the 4.2 million clients are men and 49% are women.
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