Pillar II totaled net assets of RON6.72 billion at the end of January 2012, up 4.72% from December 2011. Pillar III totaled net assets of RON455.1 million at the end of January, up 4.5% from December 2011.
About RON176.94 million were transferred to Pillar II funds in January 2012, up 1.97% from December 2011. According to CSSPP, contributions paid over the past 12 months amounted to RON2.15 billion. The nine mandatory pension funds had 5.54 million contributors in January, up 0.51% from December 2011. The average contribution per participant was of RON31.91 in January 2012, up 1.44% from December 2011 and up 24.11% from January 2011.
The voluntary pension funds had 263,486 contributors in January, up 1.19% from December 2011. In January, 90.63% of voluntary private pension funds’ net assets were placed locally and the remainder (9.37%) was placed abroad – 8.84% in the European Union and 0.53% on markets outside the EU, said CSSPP.
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. (RON1=EUR4.3467)