Private pension assets accounted for 5.83% of the country’s gross domestic product at the end of March.
On the mandatory private pension segment, or Pillar II, net assets managed stood at RON60.14 billion (EUR12.46 billion) at the end of March, up 17.76% on the year.
The system had 7.53 million contributors at the end of March, 0.84% more than at the end of 2019.
The average monthly contribution on Pillar II was RON199.76 lei at the end of March and the average value of a private pension account stood at RON8,114.
Pillar II funds paid RON37.82 million to 2,823 contributors and beneficiaries in the first quarter.
On the optional segment, or Pillar III, net assets managed stood at RON2.38 billion (EUR490 million), at the end of March, up 11.87% on the year. The optional pillar had 510,112 contributors at the end of March, 1.79% more than at the end of 2019.
The average monthly contribution on Pillar III was RON141.63 at the end of March and the average value of a private pension account stood at RON5,067.
Pillar III funds paid RON20.15 million to 1,992 contributors and beneficiaries in the first quarter.