Speaking at a conference on pensions organized by financial daily Ziarul Financiar, Coca-Cozma said the increase will be supported by higher contribution rates on the Pillar II segment (currently at 3.5%) and the rise in the number of Pillar III contributors.
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.
Romania has nine Pillar II funds and eleven Pillar III funds.
Assets on the Pillar II segment amounted to 8.49 billion (EUR1.9 billion) at the end of August, and the number of contributors reached 5.69 million.
The voluntary private pension system registered assets of RON542.44 million (EUR121.64 million) and 281,074 contributors.