Employers pay for 71% of the voluntary private pensions funds' customers
Employers contribute for 71% of the 125,000 voluntary private pensions system's clients (pillar III), while individual customers contribute themselves in only 29% of the cases - a sign that the employers have already started including voluntary private pensions as a remuneration package benefit - the CSSPP (Romania's private pensions regulator) quarterly report has shown. The Comission's data points out that 58% of the employers contribute alone to the voluntary private pensions, 13% contribute together with the employee and 29% of the individual clients contribute themselves. According to the statistics, the voluntary private pensions market is until now oriented on the corporate section, its importance growing continuously in the last six months.
From the strong developed voluntary pension funds, AZT Moderato and ING Clasic have the best individuals representation, who contribute for themselves (above 38% of the cases). At the opposite pole, the funds having the most contributions from employers are ING Optim, AVIVA Pensia mea, AZT Vivace and BCR Prudent. From the big funds, ING Clasic has the biggest amount of mixt contributions.
The situation after the contributions' value is a bit changed: 54% of the employers stand for the paid contributions by themselves (valuably speaking), almost 25% of the individuals and the rest of 21% from the total fund value represent mixt contributing.
The employers contributions to voluntary pension benefiting participants percentage was 68% at the end of March, according to the information on www.pensiileprivate.ro. Afterwards, the data published by CSSPP for H1/2008 showed an average of 62% of the employers' contributions, reaching 71% at the moment.