Currently, only around 270,000 people contribute to the Pillar III segment, Coman said at a conference.
“If we attracted one third of the 3.5 million prospective contributors in the next years, figures on the Pillar III segment would be different,” she highlighted.
The first voluntary pension contributions were paid in May 2007.
The net assets of the 11 Pillar III pension funds reached 495 million lei (EUR111.4 million) at the end of April, according to private pension system regulator CSSPP. The number of Pillar III contributors stood at 271,441 at the end of last month.
The annual average yield on the Pillar III segment has reached 7.8% since the launch of the system, said Coman.
The nine funds that operate in the mandatory private pension system (Pillar II) register 5.63 million contributors and net assets of RON7.5 billion.
The first Pillar II contributions were paid in May 2008.
Since 2008, the annual average yield of all mandatory private pension funds has reached 12.2%, said Coman.
APAPR has 16 members, of which 11 private pension fund administrators and five banks. (EUR1=RON4.4408)