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IN SHORT

Masses opt for second pillar

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

To date, 678,000 people have opted for the capitalization pillar. The state 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 only be reached by June 2006.

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