The seven pension funds have a total of 7.6 million contributors.
Net assets on Pillar II grew nearly 21% throughout 2020, data from the Financial Supervisory Authority showed Tuesday.
Growth of unitary net asset value ranged from 4.72% for Metropolitan Life Pensii Private to 8.24% for Aripi, the data showed.
The biggest fund on Pillar II in 2020 was NN Pensii, with assets of RON26 billion, followed by AZT Viitorul Tau with assets of RON16.2 billion, and Metropolitan Life with assets of 10.46 billion.
At the end of 2002, Pillar II funds had invested RON49.7 billion, or 68% of assets, in government bonds, while equity investments totaled RON15.2 billion, or 20.7% of net assets. The data showed 90.19% of Pillar II investments were in Romania and 8.41% in other EU states.
Assets managed by private pension funds operating on Romania’s voluntary segment (Pillar III) amounted to RON2.93 billion at the end of 2020.