The Ministry of Labour, Family and Social Affairs released a document on April 2 that analyzes the practice of pension saving in the second, or capitalization, pillar in Slovakia, and especially its impact on Sociálna Poisťovňa (SP), the social insurance company. The Cabinet might discuss the issue as early as its next session on April 4.
The proposed measures, which should lead to the stabilization of SP’s budget, include a cut in contributions for pensions from the current 9 percent to 6 percent of the saver’s gross income, the introduction of making the second pillar optional, which would help savers for whom the capitalization pillar is disadvantageous and the abolition of payments for state savers and for clients of SP.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
3. Apr 2007 at 11:50