At the end of May, the 10 Pillar III funds managed total sums of almost RON6.1 billion, after getting RON5.2 billion worth of gross contributions under management and made payments of over RON850 million, generating a total gain of almost RON1.7 billion for participants.
The average return of all Pillar III funds stood at 6.1% per annum in the 18 years of operation, above the average 4.6% inflation rate per annum of the same period.
(English version by Catalina Apostoiu)