Romania had the second largest compulsory private pensions market in Eastern and Central Europe last year, in terms of number of participants (4.16 million people), after Poland with 13.3 million and overcame other rapidly growing markets like Hungary or Bulgaria, the Commission Supervising the Private Pension System (CSSPP) announced on Wednesday.
According to local authorities, some 34% of the 4.16 million participants joined the second pillar and fall into the age range of 35 to 45 which basically means that they joined the system without being compelled to. This exceeded any expectations and proves the success of the system.
