Speaking at a conference on pensions organized by financial daily Ziarul Financiar, CSSPP deputy general manager Mircea Oancea, also said he expects contributions to mandatory private pensions will increase to 10% in five years, from the current 3.5%.
The Romanian mandatory pension market is currently operated by nine pension funds, from an initial 14 funds when the system was launched in May 2008. The mandatory segment has 5.7 million contributors and assets of EUR2 billion.
The top three mandatory pension funds are managed by ING Pensii, Allianz-Tiriac Pensii, and Generali Pensii.