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Huge numbers opt for 2nd insurance pillar

INTEREST in the new pension insurance capitalization pillar – the so-called 2nd pillar, is far exceeding expectations, the daily Pravda reported.

To date, 678,000 people have opted for the capitalization pillar. Social Insurer Sociálna poisťovňa has so far registered 598,000 individual contracts with the pension fund management companies.

Labour Ministry estimates projected that these numbers would be reached only by June 2006.

Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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