Spectator on facebook

Spectator on facebook

Počiatek: Pension management companies have to raise guarantees

A basic condition for the continuation of negotiations between the Government and pension management companies is the commitment of these companies to add several guarantees for savers in the second pillar of the pension system, Finance Minister Ján Počiatek told journalists on September 11.

If the opposite is the case, negotiations won't continue and the capitalisation pillar will have to be made voluntary, he said. According to the current legal status, continued Počiatek, the companies don't guarantee any yield, not even a preservation of the principal invested.

The Finance Ministry, which negotiates with pension management companies on behalf of the Government, insists on strengthening the guarantees provided by the parent companies of Slovak pension management companies. Only if they accept this position is Smer-SD ready to continue in discussions on the proposals of pension management companies on how to adjust the second capitalisation pillar.

If this does not happen, the Finance Ministry and Smer-SD party will then push for a temporary opening of the second capitalisation pillar, as it's adjusted in the proposed amendment to the act on social insurance. The Slovak Parliament is to discuss the act for the first time as early as September 13. 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

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

I have met dozens of people possessed by Satan, exorcist claims

An exorcist can help a believer to escape their problems but not to solve them, psychiatrist Hunčík says.

Priest and exorcist Ľuboš Václavek consecrates the office of Erika Jurinová (OĽaNO).

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Slovakia is 26th on the Employment Flexibility Index

Higher work surcharges will push Slovakia down.