„March 2018 (RON146.82) and April 2018 (RON145.89) recorded the lowest values for the June 2017 – June 2018 period, but the average contribution per participant rose in May 2018, to RON158.58 (+8.7% versus the previous month), dropping in June 2018 to RON157.46. The lowering of the contribution quota to 3.75% in 2018 was not offset by an increase in the monthly average gross salary following the implementation of measures transferring the 25% social security contribution from employer to employee, which triggered a 4.65% decline in the average contribution per participant, compared with December 2017”, the report shows.
Contributions transferred to Pillar II totalled RON3.83 billion (EUR822.29 million) in January-June 2018, up 11.86% from the same period in 2017, as per the report.
Pillar II contributions reached RON635.54 million (EUR136.35 million) in June 2018, up 4.36% versus June 2017 and up 1.84% versus December 2017.
In June 2018, contributions were transferred for 4.04 million people, accounting for 56.48% of overall participants to Pillar II. In June 2017, contributions were transferred for 4.06 million people, accounting for 58.66% of participants and for 84.05% of employees.