Spectator on facebook

Spectator on facebook

Higher social insurance deductions for the “rich”

Slovak Prime Minister Robert Fico supports the Labour, Social Affairs and Family Ministry's amendment to the Social Security Act that raises deductions for people with a gross salary higher than Sk28,140 (€840.6), the TASR newswire reported.

"Who's to pay more, if not the rich? We support this proposal, we're social democrats, after all," Fico told a press conference following the Cabinet Session on July 4.

According to Labour Minister Viera Tomanová, the amendment will boost solidarity among the people. "We want to help those who have very low pensions," she said.

The amendment would also make the Second (capitalization) Pillar of the pension system voluntary and change conditions for those collecting early pensions as well as widows' and widowers' pensions.

The proposed changes should assist state-owned insurer Sociálna Poisťovňa in reaching over Sk11 billion in revenues by 2011.

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

Wizz Air: Luggage changes have to wait until we train our staff

Clients of the Wizz Air airline will no longer have to pay for bigger hand luggage with a new service to be launched in late October.

Auto sector could learn from Austria

New fields are an opportunity

Hold onto your hats - heavy storms in Slovakia continue

Summer storms cause property damage, destroy gardens and possibly the harvest

Liberation of Mosul and the fight against ISIS

The United States, Slovakia, and the entire Global Coalition will continue to support our regional partners until ISIS has been defeated and the suffering ends.

Iraqi civilians flee their homes during fighting between Iraqi security forces and Islamic State militants, on the western side of Mosul, Iraq, in March 2017.