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Lithuania’s Tier II Pension Funds Increase Assets by 18% in 2012

Lithuania’s voluntary second-tier pension funds boosted net assets by almost a fifth last year, providing participants with an average return of 11.21 percent.

The 30 active funds had combined net assets of 4.8 billion litai ($1.8 billion) at Dec. 31, or 18 percent more than a year earlier, the central bank in the Lithuanian capital, Vilnius, said in a statement on its website today.