Pension funds get a shot in the arm as managers dither over investments

However, the increase is due to the higher prices of companies, rather than new investments. Total assets of the funds stood at zł.77.4 billion, which marks a growth of over zł.2 billion in August in relation to the previous month. This means that in a year the total value of their assets will exceed zł.100 billion. The growing value of their assets is due to the pension funds' profits and transfers from the Social Insurance Office (ZUS). ZUS is likely to transfer zł.12 billion, while the budget bill for 2005 envisaged payments of zł.11.3 billion. At the same time their deposits went up by zł.500 million, which might mean that the funds' managers have not yet decided what shares are worth investing in. (Parkiet, p. 9) M.M.