According to CSSPP, the number of contributors to the two funds increased by 0.4% to 5.58 million, in the analyzed period.
Mandatory private pension funds reported net assets of RON5.55 billion at the end of July, up 3.3% on the month.
The nine mandatory pension funds had 5.34 million contributors in July, compared to 5.32 million a month before.
Contributions transferred to mandatory private pension funds stood at RON169.9 million in July, up 1.12% on the month, and 24.57% higher on the year, according to CSSPP data.
Contributions to private pension funds over the past 12 months stood at RON1.76 billion, with a monthly average of RON146.41 million, said CSSPP.
The average contribution per participant in July reached RON31.8, up 18.26% compared to the level registered 12 months ago.
About 65.63% of the assets on Pillar II were invested in state treasuries in July, from 66.28% in June.
Some 9.81% of the funds’ assets were placed in bank deposits, from 8.68% in June, and 13.03% were placed in shares, down from 13.31%.
Voluntary pension funds’ net assets totaled RON394.1 million in July, up 2.3% on the month.
The number of Pillar III contributors stood at 243,757 in July, up from 241,408 in June.
According to CSSPP, 51.72% of contributors had their voluntary pension contributions paid by their employers, 35.92% paid their contributions themselves and 12.36% paid their contributions together with their employers.
About 63.96% of the assets on Pillar III were invested in state treasuries in July, down from 65.52% in June.
Some 7.88% of the Pillar III funds’ assets were placed in bank deposits, up from 6.65% in the previous month, and 15.1% were placed in shares, from 15.07%.
The first contributions to voluntary pension funds were made in May 2007, while the first contributions to the mandatory pension funds were made a year later. (EUR1=RON4.2669)