According to CSSPP, the number of Pillar II and Pillar III contributors increased 0.75% to 5.69 million in October.
Mandatory private pension funds reported net assets of RON6.04 billion at the end of October, up 4.07% on the month.
The nine mandatory pension funds had 5.44 million contributors last month, compared to 5.40 million in September.
About RON174.12 million were transferred to Pillar II funds in October, down 0.19% on the month and up 33.58% on the year.
According to CSSPP, contributions paid over the past 12 months amounted to RON1.89 billion.
In October, 88.95% of mandatory private pension funds’ net assets were placed locally and the remainder (11.05%) was placed abroad – 11.02% in the European Union and 0.03% on markets outside the EU, said CSSPP.
Voluntary pension funds’ net assets totaled RON413.59 million in October, up 3.18% on the month.
The number of Pillar III contributors stood at 252,274, up 1.26% compared with September.
In October, 89.76% of Pillar III funds’ assets were placed in Romania and 10.24% were invested abroad (9.70% in the EU and 0.54% on markets outside the EU).
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=RON4.3487)