According to CSSPP, the net assets of Pillar II and Pillar III funds at the end of March accounted for 1.27% of the gross domestic product estimated for 2012, compared to 0.91% at the end of March 2011 and 1.18% at the end of December 2011.
Net assets on the Pillar II segment amounted to RON7.26 billion on March 31, 2012, up 3.67% compared with February 29, 2012.
The nine mandatory private pension funds had 5.6 million contributors at the end of last month, 0.49% more compared with end-February.
In 2012, the contribution share increased from 3% to 3.5% of the gross wage. Contributions paid in the first quarter of the year stood at RON200.91 million, up 15.78% compared with December 2011. Over the past 12 months, contributions amounted to RON2.27 billion (with a monthly average of RON188.85 million), said CSSPP.
Net assets on the Pillar III segment amount to RON483.49 million in March, up 2.56% on the month.
Voluntary private pension funds registered 269,794 contributors last month, 1.47% more than in February.
The first contributions to voluntary pension funds were made in May 2007, while the first contributions to the mandatory pension funds were made a year later. (EUR1=RON4.3746)