In 2009, the private pension regulator’s deficit amounted to RON4.88 million, from RON3.94 million the year before. In 2007, the institution posted a surplus of RON22.57 million.
For 2010, the regulator had forecast total revenues of RON8.47 million and gained RON8.79 million, the bulk of which, 70%, came from the collection of its functioning tax.
The institution had planned to spend RON14.86 million and spent RON14.24 million. Staff spending amounted to RON10.6 million last year, from RON9.74 million in 2009.
At the end of 2010, CSSPP had 82 employees, the same as in December 2009.
Expenses in 2010 were 161.85% of the total revenue, the regulator said in its report, adding the institution has RON9.26 million available from its own funds, which it will use to fund expenses next year.
CSSPP was founded in December 2005 by Government emergency ordinance and protects the interests of beneficiaries and participants to the private pension system in Romania.
(EUR1=RON4.2115)