VOLUNTARY PENSION FUNDS
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Banks-Insurance
Voluntary Pension Funds Posted Average Yield Of 11.33% In 2013
The average yield of Romania’s voluntary private pension funds (Pillar III) reached a three-year high of 11.33% in 2013, and their total net assets stood at 811 million lei (EUR184 million) in December 2013, according to the Pension Fund Association (APAPR).
Banks-Insurance
Highest 2011 Contribution To Voluntary Pension Fund Was RON50,500
The highest contribution to the Romanian voluntary private pension fund (Pillar III) this year was paid in January and amounted to 50,429 lei (about EUR12,240), according to data provided by...