Romania's pension system in 2026 runs on three pillars. Pillar 1 is mandatory public, managed by CNPP. Pillar 2 is mandatory private for those under 35 in 2008, individually capitalized. Pillar 3 is optional private with annual tax deduction up to €400.
Pillar 1 replacement rate dropped from 45% (2010) to 35% (2030 projection per CNPP 2024). For 6,500 lei net salary, estimated future pension is 2,275 lei in 2030 purchasing power. The gap must be filled from Pillars 2 and 3.
Check Pillar 2 balance free on asfromania.ro with CNP and phone. You can switch funds free every 24 months. Pillar 3 contribution up to €400 yearly is income-tax deductible, equivalent to ~€65 saved at a 6,500 lei salary.
See Pillar 2 verification and optimization, and our investment section.
Frequently asked questions
How many pension pillars in Romania?
Three. Pillar 1 is mandatory public (CNPP). Pillar 2 is mandatory private for those under 35 in 2008. Pillar 3 is optional private with tax deduction.
How do I check Pillar 2 balance?
On ASF portal (asfromania.ro) with CNP and phone. Or on your fund administrator's site (NN, Allianz-Țiriac, BCR, BT etc.). Statement is free, updated monthly.
Can I change Pillar 2 fund?
Yes, once every 24 months free. Switch is done online at the new chosen fund, no fee or accumulated capital loss.
Is Pillar 3 worth it for tax deduction?
Yes, up to €400 yearly deductible from taxable income. For a 6,500 lei salary employee, this means about €65 tax saved yearly plus investment return.
Will Pillar 1 still exist when I retire?
Yes, but real value drops as share of total income. CNPP 2024 projection shows 35% replacement rate in 2030 vs 45% in 2010. That's why Pillars 2 and 3 become essential for under-40s.