On June 30, 2012, Pillar II and Pillar III net assets stood at 1.38% of the country’s gross domestic product estimated for 2012, compared to 1% at the end of June, 2011 and 1.19% at the end of December, according to CSSPP.
Pillar II totaled net assets of RON7.92 billion, up 3.3% from May.
The nine Pillar II funds had 5.66 million contributors at the end of June, 0.23% more than in May.
Some RON213.95 million were transferred to pension funds in June, up 27.34% compared to June 2011 and up 23.29% compared to December 2011.
In the last six months, contributions to Pillar II funds amounted to RON1.19 billion, and the monthly average contribution stood at RON199.85 million.
The average contribution per participant was of RON37.78 in June, down 0.67% compared with the previous month.
Pillar III totaled net assets of RON512.23 million in June, up 2.31% on the month. The 11 funds on the Pillar III segment had 276,706 participants, 1.24% more from May.
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=RON4.584)