The country's second-pillar funds had combined net assets of 4.8 billion litas at the end of 2012.
According to data from the central Bank of Lithuania, the average value of units of these funds last year rose by 11.21 percent. Funds investing in shares provided savers with the highest average return, at 13.06 percent, and conservative funds, with the lowest, at 6.47 percent.
"What is important is that future retirees can be increasingly confident about having a dignified old age if they save in second-pillar pension funds. By the way, these savings have not depreciated over the nine years of the funds' operation as their total growth exceeds the country's average inflation," Šarūnas Ruzgys, the association's president, said in a press release.
Another 19,000 employees joined second-pillar pension funds last year. In total, these funds have more than a million participants, accounting for about 80 percent of the country's employed population.
In the second pillar, a share of an employee's social security contributions is diverted to a pension fund of his or her choice on a voluntary basis.
