The private pension funds’ assets as a share of the gross domestic product was 1.25%, said CSSPP, which considered a GDP of RON547.83 billion in 2011.
In December 2011, the number of Pillar II contributors exceeded 5.5 million, and that of Pillar III contributors reached 260,393, up 17.5% on the year.
The assets of the nine mandatory private pension funds increased 48.1% last year to RON6.42 billion, and the eleven voluntary private pension funds’ assets rose by 32.8% to RON435.65 million.
The first contributions to voluntary pension funds were made in May 2007, while the first contributions to the mandatory pension funds were made a year later. (EUR1=RON4.3347)