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Pension fund assets up 4% in February to 4.7 billion lei
14.03.2011, 23:40 | Finance-Banks | 837 views
Mandatory pension funds (pillar II) managed 4.7 billion lei (1.1 billion euros) in assets at the end of February, 4% more than in the previous month and almost 2 billion lei more than in the corresponding period of last year, reveal the data of the Private Pension System Supervisory Commission (CSSPP). The asset increase maintained the steady pace of the previous months, even though the contribution transferred to mandatory funds remained 2.5% of the gross salary of any contributor; it is set to go up to 3% of the gross salary this month. The assets managed by the pillar 2 funds exceeded 1 billion euros in December 2010 and players on the market estimate the value will increase to 1.6 billion euros by the end of the year. Read more on ZF.ro
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