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Funded Pension Plans Gain 591 245 Members; Value of Funds Totals MEEK 14 308

2008

Tallinn Stock Exchange and Estonian Central Securities Depository financial results for 2007
Estonian pension fund fees sharply above international average
The state pension will increase by one fifth in April
Investments into the third pension pillar increased

2007

Hansa Pension Fund K3 was awarded the title of best in Europe
Upon succession of pension, transfer of units as well as monetary payments is possible

In the previous year the monthly gross wages and salaries were 6,723 kroons

14.06.04 Statistical Office of Estonia

In 2003 the average gross wages and salaries of full-time and part-time employees of enterprises, institutions and organisations were 6,723 kroons per month and 39.53 kroons per hour. Compared to 2002, the average monthly gross wages and salaries were by 9.4% and the average hourly gross wages and salaries were by 10.7% higher.

The monthly and hourly gross wages and salaries were the highest in financial intermediation — 2.2 times higher than the average monthly and 2.0 times higher than the average hourly gross wages and salaries.

The monthly gross wages and salaries were the lowest in hotels and restaurants and the hourly gross wages and salaries were the lowest in agriculture and hunting — 62.2% of both the average monthly and hourly gross wages and salaries.

Compared to 2002, the average monthly and hourly gross wages and salaries increased most in hotels and restaurants — by 17.7% and 27.3%, respectively.

Compared to 2002, the average monthly gross wages and salaries decreased only in fishing — by 4.4%. At the same time, the average hourly gross wages and salaries decreased most in the same activity — by 3.6%.

For further information:
Mare Kusma
Head of the Wages Statistics Section
Statistical Office of Estonia
Tel +372 6259 221