Romania’s private pension system gets 3 pct of GDP

Newsroom 17/03/2015 | 15:27

The total assets under the administration of the entire private pension system increased by 36.7 percent last year, to RON 20.2 billion (EUR 4.5 billion) and accounted for 3.05 percent of the GDP, from 2.34 percent a year ago, announced the Financial Supervisory Authority (ASF).

On the segment of mandatory private pensions (Pillar II), the net asset value recorded at December 31, 2014, was RON 19.12 billion (EUR 4.27 billion), the annual growth rate being of 37.15 percent.

Late last year, 6.29 million participants were registered in the Pillar II pension system, a 4.2 percent increase compared to 2013.

On the segment of facultative pensions (Pillar III), the net assets of the funds reached RON 1.04 billion (EUR 0.2 billion) in December 2014, registering a 28.12 percent increase compared to December 2013.

At the end of 2014 there were 346,452 participants registered in the facultative pension system, up 10.56 percent against 2013.