Compared to June 2024, the total assets of private pension funds increased by 5.3%.
Thus, Pillar II mandatory private pension funds reported assets worth RON150.88 billion at end-2024, up 19% versus December 2023. Pillar III voluntary private pension funds in Romania reported assets worth RON5.55 billion at end-2024, up 17% versus December 2023.
Total assets of the private pension system accounted for 9.06% of the country’s gross domestic domestic (GDP) at the end of December 2024, ASF data also showed.
On December 31, 2024, the 17 private pension funds had a total 9.12 million participants, compared with a total 8.86 million reported at the end of 2023.
The assets of Pillar II funds account for over 96.5% of total assets of Romania’s private pension system, while the level of Pillar III funds remains low.