Abstract:

Since 1990, the public system in Romania has started to deal with special problems, in particular demographic problems. To these were added and problems due to reduced funds for pension payments. In this context were introduced in 2007 the private pensions. It can be said that basically that was the moment when the new system of Romania pension, came into being, structured around three pillars, one state and two private piers. 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 in terms of investment. We took into account the dynamics of the most important financial investment instruments found in pillar II pension funds.