This year’s contribution of 4% was 0.5 points below the initial calendar after the government froze contributions at 2% in 2009 citing the financial crisis.
Under the law, contributions to mandatory private pensions are set to reach 6% by 2016.
At the end of the third quarter, net assets of mandatory pension funds reached RON12.76 billion. The first contributions to Pillar II funds were made in May 2008.