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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
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