Expressed in euros, assets of the private pension system in Romania amount to around EUR4.25 billion. In ratio to the GDP estimated for 2014, of RON674.3 billion, total assets account for 2.8% of GDP, ASF said in a report.
The mandatory private pension segment (Pillar II) had 6.2 million contributors end-September, 4.19% more than at the end of year. Of these, 6.02 million had at least one contribution to the system since its inception in May 2008.
Pillar II funds had assets of RON17.78 billion (EUR4.03 billion), up 27.52% from the end of 2013.
As of January 1, 2014, the contribution to Pillar II is 4.5 percentage points of social security contributions, half a point higher than in 2013.
The voluntary private pension segment (Pillar III) had 336,456 contributors, 7.37% more than at the end of 2013.
Net assets of Pillar III funds stood at RON976.27 million (EUR221 million) at the end of September, up 20.29% compared to the end of 2013. Pillar III was introduced in May 2007.