Spectator on facebook

Spectator on facebook

Pension savings funds object to PM’s remarks

PRIME Minister Robert Fico’s statement last week that if private pension savings funds were not prevented from investing deposits in “risky ventures”, the country would face “further pyramid schemes”, has drawn strong protests from the pension funds.

The Association of Pension Savings Administrators called Fico’s words “misleading and untrue”, and warned that they could create uncertainty among the 1.5 million people who are saving for their pensions in private accounts as part of the previous government’s reform of the pension system.

The association said that pension funds in Slovakia are under five levels of independent supervision, including by the central bank and independent auditors, which rules out the possibility of irresponsible or reckless investment of pension savings.

Deposits are also guaranteed by the Socialná Poisťovňa state insurance company.

Before last June’s general elections, Fico promised to cancel the second, or ‘capitalization’ pillar of pension savings introduced by the 2002-2006 Dzurinda government, but after forming the government apparently dropped the plan due to the popularity of the pension reform and the practical difficulties involved in scrapping a savings system with 1.5 million depositors.

Political scientist Grigorij Mesežnikov said he believed that Fico was now trying “to create the impression that the previous government did not have the interests of citizens in mind, but was just trying to give business groups a chance to make a profit.

“If he can’t cancel the system, he can still at least criticize it,” the analyst said.

Top stories

Infertility in men is increasing with those in their 40s better off then those in their 20s

Treatment of infertility can cost tens, or even several thousand euros. Only part of the cost is covered by health insurance companies.

To be fertile, a man has to have 15 million sperms per milligram of ejaculate, of which 4 million must be healthy.

Czechoslovakia could have been Switzerland

In Hodonín and Holíč, Czechoslovakia still exists.

In Holíč, the border is basically non-existent.

Foreigners again used Slovak guns to kill

Although the international operation began in March, no investigator contacted a Slovak dealer.

AFG was selling large numbers of expansion weapons, which were in fact old deactivated military weapons.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between December 15 and December 24, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Music exchange