The best-paid employee to have joined a privately managed pension fund (pillar II) earns a gross income of 89,000 euros (330,850 RON) per month, according to the data collected by ZF.
ZF sent out a questionnaire to the 14 pension companies on the market, which five completed and then returned. The five companies that answered ZF's list of questions were BCR Fond de Pensii, Aviva, Bancpost, Omniasig and OTP. The best-paid employee to join a pension fund is a BCR client, while the next best-paid employees in this ranking signed up with Aviva (50,525 euros), Bancpost (26,600 euros), Omniasig (about 21,000 euros) and OTP (19,400 euros). These employees are up to 45 years old, considering that signing up with pillar II private pension funds was mandatory for all employees aged up to 35 years and voluntary for those aged 35 to 45.
The best-paid customer of the private pension system signed up with the private pension fund managed by BCR, and the 89,000-euro salary was valid in March. On May 20, the first contributions were transferred to the mandatory pension funds. The contributions were made for March, and the best-paid client contributed 1,778 euros (6,617 RON), which accounts or 2% of his gross salary. Considering seven more contributions will be paid to the mandatory pension funds by the end of the year this employee will see another about 12,500 euros reach his account, if he keeps earning the same salary. Next year, the legislation in the field provides for an increase in contributions to pension funds to 2.5% of the gross income, which means the best-paid employee will transfer 2,225 euros per month to his fund, with the year's total reaching 26,700 euros.
If comparing figures, the contribution this employee paid in March is almost 209 times higher than the average contribution per person collected by the fund which he joined, BCR, 8.52 euros, and 235 times higher than the average contribution on the market, 7.55 euros. On the other hand, if compared to the contribution of the average gross wage (436 euros) paid in March, the contribution of the best-paid employee is 204 times higher. The annual gross salary of the biggest client of private pension funds stands at about 1.1 million euros. This is the first time when the biggest salaries in the entire economy can be found out only a few months after they were paid. Another resource of information on the highest salaries is the National Fiscal Administration Agency, which, however, provides data about incomes in the previous year. The contributions to the mandatory private pension funds are quick to reflect the highest salaries in the economy and are the best indicator of the trend of incomes of all employees. Over 4.15 million employees aged up to 45 years signed up with a mandatory pension fund, but the accounts of over 961,000 of them are empty, which means the employers have not deposited their social security contributions.
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