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Dynamics of Mandatory Private Pension Funds from Romania in May 2008 - March 2015 and from the Perspective of Contributions and Assets

Author

Listed:
  • Colomeischi Tudor

    (Stefan cel Mare University, Faculty of Economics and Public Administration, Suceava, Romania)

  • Iancu Eugenia

    (Stefan cel Mare University, Faculty of Economics and Public Administration, Suceava, Romania)

Abstract

Romanian pension system began to confront in the 90s with serious demographic problems. If we add to these those resulting from insufficient funds for payment of pensions, we have provided the framework that led to the introduction in 2007 of private pensions. Basically we can say that it started out a new pension system structured on three pillars, one of state and two private. In this article we propose an analysis of how it has evolved Pillar II of mandatory private pensions in Romania in May 2008 - March 2015, following two main aspects: contributions paid to Pillar II (taking into account the dynamics of total monthly contributions pai , total annual receipts from contributions and dynamics of average monthly contributions per participant to Pillar II) and Pillar II assets (following the evolution of total assets and net assets of Pillar II)

Suggested Citation

  • Colomeischi Tudor & Iancu Eugenia, 2015. "Dynamics of Mandatory Private Pension Funds from Romania in May 2008 - March 2015 and from the Perspective of Contributions and Assets," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 248-254, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:248-254
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    More about this item

    Keywords

    mandatory private pension; participants; contributions; Pillar II; total assets.;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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