Pillar II private pension funds have generated an annual average yield of 8% since launch (May 2008) until present, earning RON21.7 billion (EUR4.4 billion) (net of all administration fees) for their contributors.
The total number of participants registered in the system reached 7.78 million at end- 2021, of whom the average number of participants with monthly contributions was 4 million, 140,000 more than in 2020.
The total volume of contributions to Pillar II was RON9.77 billion (EUR2 billion) in 2021, up 9.6% from 2020, due mostly to wage raises and new participants entering to the system.
On the voluntary private pension funds (Pillar III) segment, the total number of participants reached some 565,000 people at end-2021, 37,000 more than in 2020, the most significant increase of the last five years.
Pillar III participants had total contributions of nearly RON420 million in 2021, up 13% from 2020 and a record value in annual terms.
The weighted average yield of the ten private funds was 5.5% in 2021. Since launch (May 2007) until present, Pillar III pension funds have generated an annual average yield of 6.3%.
Payments made by voluntary private pension funds stood at RON100 million in 2021, up 30% from 2020.