Pension reform on track

JANUARY 1, 2005 will mark the start of the pension reform in Slovakia, when citizens will be able to assign part of their pension insurance payments to their personal accounts in private asset management companies, the SITA news wire reported on December 16.

The news comes after the parliament's passage of the pension savings law, which introduces the pension system's capitalization pillar. Capitalization pillar funds will be the private property of citizens and will be inheritable in the event of the policyholder's death. Revenues in the capitalization pillar will not be taxed.

Get daily Slovak news directly to your inbox

Top stories

Illustrative stock photo

More aggressive COVID strain probably dominant in Slovakia. It is not necessarily bad news

Virologists report they have found that the B.1.1.7 strain, first detected in the UK, is dominant in the samples from Trenčín.

20. jan
Illustrative stock photo

News digest: Slovakia will receive more than 4 million vaccines

Schools will continue with distance education. Curfew will be applied on January 25 and 26 too.

20. jan
Gabriel Šípoš

I receive more hate mail than I used to, says outgoing transparency watchdog director

Gabriel Šípoš leaves Transparency International Slovakia after 11 years. Slovakia has gone a long way in transparency, he says.

20. jan