Under the law, the contribution rate on the Pillar II segment must reach 6%, said Ciutan.
The Pillar II segment registered 5.71 million contributors at the end of October and assets of 9.05 billion lei (EUR2 million).
The first contributions on this segment were paid in May 2008.
According to data provided by private pension system regulator CSSPP, contributions paid in the first nine months of the year amounted to RON1.85 billion. (EUR1=RON4.5342)