Spectator on facebook

Spectator on facebook

Goverment floats private pension reduction proposal

A new proposal could mean that the 1.6 million people who are saving for their pensions in the private second pillar of the system won’t be able to save as much money this way, the Pravda daily reported on September 8.

There have been reports of talks between the private pension companies, the Finance Ministry and the National Bank of Slovakia (NBS) about a possible cut in salary contributions to the second pillar from the current nine percent to six percent.

The rest of the salary contributions would go to public social security provider Sociálna Poisťovňa (SP) - the first pillar of the system.

People who have signed up to the second pillar currently pay nine percent to SP and another nine percent to the private pension-savings company of their choice.

"The cut in deductions to the second pillar would be temporary,” said Tom Kliphuis from ING Insurance Central Europe. “Within three years, they would return to the nine-percent level."

-TASR

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

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár