The assets of mandatory private pension funds are seen rising to RON13.02 billion, up 35% from December 2012, due to an increase in employees’ contribution rates from their gross income, from 3.5% to 4%.
The assets of voluntary private pension funds are expected to go up by 30% to RON780 million in 2013.
End-2012, private pension funds reported total assets of RON10.24 billion (EUR2.3 billion), according to data from private pension regulator CSSPP.
In 2012, the nine mandatory pension funds reported a 50% increase in assets to RON9.64 billion, while voluntary pension funds cumulated assets of RON598.9 million, up 37% from December 2011.