According to CSSPP, the number of Pillar II and Pillar III contributors increased 0.5% to 5.65 million in September.
Mandatory private pension funds reported net assets of RON5.79 billion at the end of September, up 2.3% on the month.
The nine mandatory pension funds had 5.4 million contributors last month, compared to 5.38 million in August.
Contributions paid to private pension funds in September stood at RON174.45 million, up 32.3% compared to September 2010 and up 31.8% compared to end-2010. Contributions rose to RON1.454 billion in the first nine months of the year and to RON1.847 billion over the past twelve months, according to CSSPP.
In September, about 88.70% of mandatory private pension funds’ net assets were invested in Romania and 11.3% were placed abroad (of which 11.27% in EU).
Voluntary pension funds’ net assets totaled RON400.9 million in September, up 1.2% on the month.
The number of Pillar III contributors stood at 249,649, up 1.21% compared to August.
Over 89% of assets on the Pillar III segment were invested in Romania in September.
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=RON4.3329)