The bulk of the amount (RON605 million) was paid by Pillar II funds and the remainder (RON397 million) was paid by Pillar III funds. The number of payments made is slightly different, namely: 59.000 or Pillar II and 55.000 for Pillar III.
Under the law, the participants or heirs may receive from pension funds either lump sum payments or equal instalment payments over a period of five years at most.
Pillar II and III private pension funds make payments in case the participant dies (to heirs), invalidity or retirement.