Pillar II pension
The part of the pension contribution that goes into a personal account run by a private fund.
What is the Pillar 2 pension?
Of the 25% pension contribution taken from gross pay, a part equal to 4.75% of gross goes into an account in your name at a privately managed pension fund. That is Pillar II; the rest funds the state pension.
Unlike the state pension, Pillar II money is yours: it sits in an account, is invested in shares and bonds, and can be inherited. The state pension is a promise calculated by formula and paid from the contributions of those working at the time.
In general, anyone insured at up to 35 years of age must join; the law has exceptions for some categories. You do not choose whether to pay, but you can choose the fund. Funds publish returns and fees monthly on their sites and with the ASF.
Because the money stays there for decades, compounding and yearly costs matter a great deal. The same logic as in the ETF chapter applies here.
On a gross salary of 6,000 lei, 285 lei a month goes into the Pillar II account.
How much goes into Pillar II?
4.75% of gross income, as part of the 25% pension contribution, not on top of it.
Can I leave Pillar II?
In general, anyone insured at up to 35 years of age must join Pillar II; the law has exceptions for some categories. You can switch pension fund, under ASF rules.
Related terms
Sources
- Bistrița-Năsăud county pension office, Pillar II share · www.cjpbn.ro
Checked on 27 September 2026. Rules and figures can change.
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