Spectator on facebook

Spectator on facebook

State proposes voluntary exodus from Second Pillar

The Labour Ministry has proposed giving anyone who registered for the private second pillar of the pension system the option of leaving it as of January of next year, the Pravda daily reported on July 3.

According to the proposal, those who wish to opt out of the pillar will have to notify the state-owned Sociálna Poisťovňa insurance company in writing. They can then have the money transferred directly into their bank accounts.

The Labour Ministry also proposed that, as of January, people whose pension contributions are paid by the state should be exempt from the requirements of the Second Pillar.

Since being established two and a half years ago, the Second Pillar has attracted almost 1.6 million people, which represents the majority of working Slovaks.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Discussion about road project becomes emotional

Analysts want more alternatives for the road from Zvolen to Košice to be assessed

The protest at Soroška

Slovakia commemorates the 1968 invasion. Here’s what it looked like Photo

Anniversary of the Warsaw Pact troop invasion that ended the Prague Spring.

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo