The 7 Pillar II funds currently manage sums of over RON135 billion (EUR27 billion).
The value of the average account at the level of the entire system revolves around RON17,000, but the value of the account for participants with a complete contribution stage is around 3 times higher, of around EUR10,000 per participant.
In accumulated sums, transferred contributions account for about 72%, with the rest of 28% being the gain brought by managers’ investments.
Recently, the Pillar II contribution has been hiked from 3.75% to 4.75% of participants’ gross monthly income.
(English version by Catalina Apostoiu)