Mandatory pension funds in Romania bring EUR 1 bln net profit in 7 years
The mandatory private pension funds in Romania have produced since 2008 a net profit of over EUR 1 billion for the 6.8 million Romanians.
The mandatory pension system has been active for seven years, starting May 2008.
The pension funds have received between May 2008 and May 2015 gross contributions of EUR 3.7 billion from the National House of Pensions and the Army’s Pension House. The funds have managed net assets of EUR 4.7 billion.
The EUR 1 billion difference represents the net gain for the 6.8 million contributors, according to the Association for the Privately Administered Pensions from Romania (APAPR).
The pension funds’ holdings on the Bucharest Stock Exchange exceed EUR 850 million.
editor@romania-insider.com
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