The assets of Pillar II funds grew by 12% in January 2023 compared to RON89.7 billion reported in January 2022.
As many as eight million Romanian employees contribute 3.75% of their monthly gross income to Pillar II.
Since January 2022 onward, Romanians have transferred some RON12 billion to Pillar II funds, in line with ASF data. The average value of a Pillar II account neared RON12,550 in January 2023 and the average contribution was RON245 versus RON215 in January 2022.
In January 2023, Pillar III – voluntary private funds to which several hundred thousand Romanians contribute an amount of their choosing, recorded assets worth RON3.8 billion, ASF data also show.